EW YORK, Aug 16 (Reuters) - Global stocks slipped and the euro slid on Tuesday after weak German and euro zone growth data rekindled concerns about the world economy and boosted demand for safe-haven assets like government bonds and gold.
Concerns over the financial health of the euro zone resurfaced as President Nicolas Sarkozy of France and German Chancellor Angela Merkel met in Paris to discuss ways of restoring investor confidence in the euro zone. For details see: [ID:nL5E7JG0QN]
Analysts doubted the two leaders would resolve the bloc's debt crisis, and weak German gross domestic product -- growth slowed to a mere 0.1 percent between April and June, the weakest quarterly rate since 2009 -- clouded the global economic outlook.
The euro fell more than 1 percent against the Swiss franc and investors favored bonds over stocks as the data fueled concerns about a Europe already weakened by a fiscal crisis. [ID:nL5E7JG0N0]
"Investors are relying on a strong Germany to lead Europe out of the financial mess it's in," said Nicholas Colas, chief market strategist at the ConvergEx Group in New York.
"The data puts more weight on
