GLOBAL MARKETS-U.S. stocks, dollar sink as global growth woes multiply

* Wall St shrugs off encouraging jobless report

* Fed minutes show worry over global economy, strong dollar

* Treasuries yields at recent record lows

* Brent oil under $91 a barrel

(Adds New York open, comments, changes dateline; previous

LONDON)

By Michael Connor

NEW YORK, Oct 9 (Reuters) - Concerns about lackluster growth

in world economies sent Wall Street and other world stock

markets lower on Thursday, reversing a Federal Reserve-sparked

rally a day earlier.

The dollar gave up some recent gains and U.S. benchmark bond

yields touched lows last seen more than a year ago.

Investors shrugged off encouraging U.S. jobless data and

returned their focus to wilting global economic growth, which

could depress U.S. corporate profits.

A day earlier, investors gave the U.S. stock market its best

day of the year, encouraged by Fed meeting minutes that

suggested the central bank would not rush interest-rate hikes.

Higher rates would curb borrowing and erode the spending power

of individuals and companies.

German exports fell 5.8 percent in August, the worst decline

since January 2009. The data on Thursday from Europe's biggest

economy fed anxieties about recession in the euro zone.

The Dow Jones industrial average fell 104.33 points,

or 0.61 percent, to 16,889.89, the S&P 500 lost 12.55

points, or 0.64 percent, to 1,956.34 and the Nasdaq Composite

dropped 31.31 points, or 0.7 percent, to 4,437.28.

Energy shares were once again the biggest losers of the day

on Wall Street, continuing a recent trend of weakness amid

falling oil prices.

Brent oil fell below $91 a barrel, heading back to more than

two-year lows. Prices have been hurt by a supply glut and

concerns about global economic growth and are now down 20

percent from June.

Brent for November delivery was down 45 cents at

$90.93, having fallen to $90.59 earlier. U.S. November crude

lost 61 cents to $86.70.

"Supply is strong, inventories are high and demand in Europe

is terrible," said Michael Hewson, head analyst at CMC Markets.

The dollar dropped to a three-week low against the yen as

investors took profit and pared back bullish bets on the

greenback after the Fed released the minutes Wednesday from its

most recent policy meeting.

The minutes showed officials were concerned about the impact

of a stronger dollar on the profits of companies with an

international presence, and about lackluster global growth, as

they sought an eventual exit from record low rates.

The Fed was sending a warning shot to dollar bulls, who had

lifted the greenback each week for three months, according to

Andrew Wilkinson, chief market analyst at Interactive Brokers (NasdaqGS: IBKR - news)

LLC in Greenwich, Connecticut.

"The Fed notes that the stronger dollar, which could

automatically depress demand for US exports, is already

depressing commodity prices that in turn is likely to contain

inflationary pressures," Wilkinson told clients.

U.S. long-dated and benchmark Treasuries yields hit their

lowest levels in over a year.

Yields on 30-year Treasury bonds hit 3.029 percent, their

lowest since May 2013, while benchmark 10-year yields hit 2.279

percent, their lowest since June 2013.

Benchmark 10-year U.S. Treasury notes were last

up 3/32 in price to yield 2.32 percent, from a yield of 2.33

percent late Wednesday. U.S. 30-year Treasury bonds

were last up 3/32 to yield 3.06 percent, little changed from

late Wednesday.

(Additional reporting by Gertrude Chavez-Dreyfuss, Sam

Forgione, Herbert Lash and Ryan Vlastelica in New York, and Marc

Jones in London; Editing by Bernadette Baum)