European Stocks Suffered A Heavy Setback Of &Nbsp, A 13 Month Low.

European stock markets fell sharply again on Thursday, and investors felt the prospect of global economic growth. Worried The ECB president said the economy had downside risks.

Pan European Dow Jones Stoxx 600 index fell 3.4%, closed at 343.33 points, a new low since July 2010, has declined for 5 consecutive trading days.

As of the closing of European stock markets, the US stock market also declined sharply.

The European Central Bank President Tyse said at a news conference that the economic downside risk "may have increased", and recent data show that European stock market economic growth has slowed down. The ECB maintains benchmarks on Thursday interest rate Unchanged.

Tyse also said that the European Central Bank would maintain more liquidity to provide more cash for eurozone banks. He also revealed that the government's national debt purchase plan is continuing and has never been dormant.

Europe equity market This week was again beset by sovereign debt crisis, with the focus on Italy and Spain. The cost of borrowing in these two countries is rising. Trichet's speech once lowered the yield of Italy's treasury bonds, but the yield on the 10 - year treasury bonds recovered.