LONDON, March 3: Global stock markets fell on Monday as weak economic data and downbeat comments from billionaire investor Warren Buffett led to renewed fears of a US recession, traders said.

New record oil prices added to the gloomy mood in financial capitals worldwide.

Shares fell sharply in Asia and the falls were mirrored in Europe and on Wall Street.

In midday trading on Wall Street, the Dow Jones Industrial Average was down 0.54 per cent and the tech-heavy Nasdaq shed 0.52 per cent. The Standard & Poor’s 500 broad-market index dropped 0.33 per cent.

In Europe, the London FTSE 100 index fell 1.12pc, in Paris the CAC 40 index lost 1.0 per cent while in Frankfurt the Dax tumbled 0.86 per cent.—AFP