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* Corporate warnings hit shares amid weak global outlook * Oil up as Mideast supply worry offsets growth concerns * Euro rebounds as investors await decision on Spain By Herbert Lash NEW YORK, Oct 10 (Reuters) - Global shares fell for a third day on Wednesday as corporate warnings of slower growth underscored concerns about a sluggish world economy, while oil prices rebounded over worries about the security of Middle East crude supplies. Weak risk sentiment hurt equity markets after warnings from the International Monetary Fund, the World Bank and U.S. multinationals about the lackluster world economic outlook. After the close of trading on Tuesday, Alcoa warned of dwindling aluminum consumption, while other large companies, including Dow component Chevron and engine maker Cummins Inc, cautioned about slowing growth. "You've seen very cautionary earnings results and even forward guidance; Alcoa has good earnings, but their forward guidance is lackluster," said Richard Weeks, managing director at HighTower Advisors in Vienna, Virginia. "It points to a slow China and slow global growth." The Dow Jones industrial average was down 72.94 points, or 0.54 percent, at 13,400.59. The Standard & Poor's 500 Index was down 5.59 points, or 0.39 percent, at 1,435.89. The Nasdaq Composite Index was down 7.99 points, or 0.26 percent, at 3,057.03. Ebbing growth in China, the world's No. 2 economy, is expected to rein in corporate earnings in the third quarter and dent profit forecasts as the Asian nation feels the pinch of the debt crisis in the euro zone, a key trading partner. The World Bank cut its growth forecast for East Asia earlier in the week on concerns China's slowdown could last longer than expected. On Tuesday, the International Monetary Fund said a deepening euro zone debt crisis threatened the global economy. In Europe, the FTSEurofirst 300 index of top company shares fell 0.5 percent to close at 1,090.03, while MSCI's all-country world equity index also slipped 0.5 percent. The euro rebounded slightly after falling to its lowest in more than a week against the dollar, pressured by uncertainty about whether Spain will apply for a bailout, widely considered the next step forward for Europe. The euro was up 0.08 percent at $1.2894 after touching 1.2884. The U.S. dollar index was down 0.05 percent at 79.912. European Union leaders are scheduled to meet at the end of next week. Euro zone finance ministers delivered a united defense of Spain at a meeting this week, saying the country did not need a bailout, at least for now. "We are in a holding pattern," said John Doyle, currency strategist at Tempus Consulting in Washington. "What we're going to look for the rest of the day and probably next week and a half is if there's any news coming out of Spain and possible decision on a full bailout or not." Oil edged up in choppy trading as concerns about the security of Middle East supplies amid escalating tensions over Syria helped offset fears that slowing world growth will curb demand. Shelling along the Turkey-Syria border, hostility between Iran and the West and an impending Israeli election have reinforced fears of potential threats to Mideast oil supplies. Turkey's military chief of staff said on Wednesday his troops would respond with greater force if bombardments from Syria kept hitting Turkish territory. Brent crude gained 47 cents to $114.97 a barrel. U.S. crude rose 41 cents to $92.80. U.S. Treasuries prices fell as traders reduced bond holdings to make room for $21 billon in 10-year note supply, part of this week's $66 billion in coupon-bearing offerings. The benchmark 10-year U.S. Treasury note was down 4/32 in price to yield 1.7254 percent.