World stocks falter as oil slides $3 a barrel

LONDON (AP) -- World stock markets fell as oil prices fell $3 a barrel Monday amid concerns that any recovery in the global economy will be a long, hard slog following disappointing U.S. jobs data last week.

In Europe, the FTSE 100 index of leading British shares was down 43.25 points, or 1 percent, at 4,193.03 while Germany's DAX declined 51.66 points, or 1.1 percent, to 4,656.55. The CAC-40 in France was 46.86 points, or 1.5 percent, lower at 3,072.65.

On Wall Street, the Dow Jones industrial average was down 56.15 points, or 0.7 percent, at 8,224.59 soon after the open while the broader Standard & Poor's 500 index fell 6.84 points, or 0.8 percent, at 889.58.

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