Europe shares knocked by disappointing U.S. data
* DAX hits lowest level in over a month
* Alstom surges on signs that GE deal to get approval
* European bourses in 2015: link.reuters.com/pap87v
* Asset performance in 2015: link.reuters.com/gap87v (Updates prices after U.S. data)
By Sudip Kar-Gupta
LONDON, Aug 17 (Reuters) - European stocks lost ground on Monday afternoon, with the German market bearing the brunt of selling after data showed manufacturing activity in New York state shrank to its weakest level in August since 2009.
Benchmark indexes in Paris and Milan held up relatively well, however, with shares of French industrial group Alstom outperforming on bets its takeover will be approved.
The pan-European FTSEurofirst 300 index, which fell 3 percent last week, was down 0.1 percent while the euro zone's blue-chip Euro STOXX 50 index was down 0.3 percent. The DAX hit its lowest level in over a month and was down 0.8 percent at 1407 GMT.
"The (U.S.) data was worse than expected and the DAX is bearing the brunt of it," a London-based trader said. Continuación...