Global growth concerns

Trading in Asia overnight has been poor. 

This downturn was largely the result of the World Bank's decision to cut its growth forecasts for East Asia and Pacific region on Monday, saying it believes there is a risk the slowdown in China could worsen and continue for a longer period than had been expected. 

China's retail sales growth slowed in a key period of trading, the Golden Week break at the start of October, but said demand was better-than-exepected. Sales grew 15% compared to 17.5% the same period the previous year.

Back in Europe, all eyes are on Greece. European Union Comissioner Olli Rehn expects the country to receive the backing of the Troika as regards the assesment of its progress on carrying out the necessary economic adjustments. 

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