Wires

GLOBAL MARKETS-Global growth worries hit shares and oil

* European shares fall 0.4 pct in early trade on growthconcerns

* Oil dips below $112 as World Bank cut Asian growth outlook * Euro edges down 0.4 pct to $1.2970

LONDON, Oct 8 (Reuters) - European stocks, oil and gold fellon Monday as concerns over the global economic outlook and itsimpact on the coming corporate earnings season weighed oninvestor sentiment.

The World Bank cut its estimate for East Asian growthincluding for China, and this has undone some of the positivesentiment that followed Friday's sharp drop in U.S. unemploymentfor September.

"The big bogeyman in the closet is China and everyone istrying to guesstimate if it's going to have a hard landing or asoft landing," said Philippe Gijsels, head of research at BNPParibas Fortis Global Markets in Brussels.

However, national holidays in Japan and the United States onMonday were expected to limit trading activity.

The pan-European FTSEurofirst 300 was down 0.7percent at 1,103.51 points in early trade with the German DAX

down 0.8 percent despite data showing an unexpectedjump in German exports during August.

Seasonally adjusted exports jumped 2.4 percentmonth-on-month, far outperforming expectations for a drop of 0.5percent and beating even the highest forecast in a Reuters pollof 17 economists for a 0.5 percent rise.

"It is incredible how German exports are winning in such atough environment," said DekaBank economist Andreas Scheuerle.

The signs of strength in Europe's biggest economy failed tohelp to the euro which was down 0.4 percent at $1.2975 .

The fragile economic outlook saw Brent crude for Novemberdelivery fall 90 cents at $111.12 a barrel, while thegold price edged down 0.2 percent to $1,777.89 an ounce.

In Europe investors are also focused on a meeting of eurozone finance ministers later. They will formally launch theregion's new permanent bailout fund and are expected to discussthe problems facing Spain and Greece.

But they are not expected to make major progress in solvingthe debt crisis so German government bond futures wereticking higher in early trade.

(Reporting by Richard Hubbard; Editing by Anna Willard)

((richard.hubbard@thomsonreuters.com)(Tel +44 207 5423215))

Keywords: MARKETS GLOBAL/