&lt;p&gt;&lt;b&gt;A dealer reacts on the trading floor of IG Index in the City of London&lt;/b&gt;&lt;/p&gt;&lt;p&gt;European equities followed Asian stocks lower on Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.&lt;/p&gt;&lt;p&gt;Nagging worries about the US economy and dim prospects of a quick fix for the eurozone&amp;#39;s debt crisis prompted investors to lock in profits following this 
week&amp;#39;s rally in European stocks to one-week highs.&lt;/p&gt;&lt;p&gt;Adding to the glum growth picture, Morgan Stanley cut its forecast for global growth, citing &quot;recent policy errors&quot; in the United States and Europe, plus prospects of further fiscal tightening in 2012.&lt;/p&gt;&lt;p&gt;European stocks fell 1.2%, giving up the previous session&amp;#39;s gains.&lt;/p&gt;