GLOBAL MARKETS-Stocks, euro fall on fears of wider euro zone woes

* Euro hits four-month lows vs dollar, govt bonds rally * Italy's five-year debt cost highest since Oct 2012 By Wanfeng Zhou NEW YORK, March 27 (Reuters) - Major stock markets fell and the euro slumped to a four-month low against the dollar on Wednesday, hit by a disappointing Italian bond auction and concern about the potential for a wider impact on the euro zone from Cyprus's bailout. Bleak euro zone economic data added to a sour tone in markets, driving demand for safe-haven