European stocks slump

|By:, SA News Editor

European shares are sharply lower following the another weak Chinese manufacturing PMI print and a small cut in eurozone growth forecasts, and amid the ever increasing tensions in Ukraine.

"The escalation in Ukraine is spooking investors again, and people are quick to pull the trigger to book recent profits," says David Thebault of Paris-based Global Equities.

Volumes thin as U.K. and Irish markets are closed.

Euro Stoxx 50 -1.1%, Paris -1.1%, Frankfurt -1.4%, Milan -1.1%, Madrid -1%.

U.S. stock futures: Dow -0.45%. S&P -0.4%. Nasdaq -0.5%