GLOBAL MARKETS-Stocks drop for third day, BASF warning stings Europe <!-- no image --> <div>* World stocks drop for 3rd day as hopes for large Fed cut fade<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=ocu3K_HQE1Y:jLYsbgXxIxI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=ocu3K_HQE1Y:jLYsbgXxIxI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=ocu3K_HQE1Y:jLYsbgXxIxI:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=ocu3K_HQE1Y:jLYsbgXxIxI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=ocu3K_HQE1Y:jLYsbgXxIxI:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/ocu3K_HQE1Y" height="1" width="1" alt=""></div> Posted by Reuters