European shares hit by weak German data and LVMH

viernes 25 de julio de 2014 12:28 GYT

* FTSEurofirst 300 ends down 0.7 pct at 1,372.11 points

* Weak German Ifo reading weighs on DAX

* LVMH slumps after below-forecast Q2 results

* DAX down 1.5 pct, CAC falls 1.8 pct

By Sudip Kar-Gupta

LONDON, July 25 (Reuters) - Weak German economic data and a slump in the shares of luxury goods group LVMH hit European stock markets on Friday.

Equities also extended losses after Russia said Ukraine had targeted Russian law enforcement officers by shelling across the border from eastern Ukraine, where government forces are fighting pro-Russian separatists.

The development reinforced investors' concerns about the conflict there, a week after 298 people were killed when a Malaysian passenger plane was shot down over rebel-held territory in eastern Ukraine.

Germany's benchmark DAX equity index, which hit a record high of 10,050.98 points in late June, closed down 1.5 percent at 9,644.01 points.   Continuación...