Stocks slide on oil, global slowdown worries

Stocks fell in Europe and Asia, extending the MSCI World Index's worst first half in a quarter century, as higher oil and reports on housing and manufacturing suggested the global economy will slow. US index futures slid.

Porsche SE, the maker of the 911 sports car, Ford Motor Co. and Ryanair Holdings Plc retreated in Europe as oil traded above $142 a barrel.

Royal Bank of Scotland Group Plc and Sumitomo Mitsui Financial Group Inc led financial shares lower after UK housing prices sank the most since the last recession and Japanese business confidence fell.