PARIS Nov 15 European stocks ended lower on
Thursday, with a key index hitting a two-month low, as data that
showed the euro zone had slipped into recession again spooked
The FTSEurofirst 300 index of top European shares
unofficially closed 0.9 percent lower at 1,078.90 points, a
level not seen since early September.
Swiss and German stocks where among the worst hit, with
HeidelbergCement down 2.6 percent, ThyssenKrupp
down 2.3 percent and Roche down 1.8 percent.
However, mounting expectation that Spain would request a
bailout helped limit the losses, with Madrid's IBEX
gaining 0.3 percent and euro zone banking stocks rallying.
Despite the day's losses, IG market analyst Jerome Vinerier
said the overall market remains without a clear direction.
"Apart from the DAX which has started to take a hit,
European indexes are mostly in a consolidation mode, moving
sideways," he said. "We're not getting any 'sell' signals,
keeping in mind that just a week ago a lot of indexes were
testing year highs."