European shares slip again; eyes on ECB

jueves 7 de agosto de 2014 04:30 GYT

* FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.1 pct

* Rheinmetall sinks after slashing outlook

* Nestle rises after unveiling massive buy-back plan

By Blaise Robinson

PARIS, Aug 7 (Reuters) - European stocks dipped in early trade on Thursday, extending a week-long slide as tensions between the West and Russia continued to spook investors.

At 0800 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,321.40 points. The index has dropped about 3.3 percent over the past week.

Germany's DAX index underperformed again, down 0.4 percent. Data showed on Thursday the country's industrial output rose just 0.3 percent in June, missing a forecast rise of 1.3 percent, adding to signals that Europe's largest economy may have stalled in the second quarter.

The DAX, which hit a near-five month low on Wednesday, has lost 10 percent since mid June, hurt by worries that the Ukrainian crisis and sanctions against Russia could derail Germany's economic recovery.

Russian state news agency Ria Novosti said late on Wednesday that Russia will ban all food imports from the United States and fruit and vegetables from the European Union, in an escalation of the economic battle with the West set off by the crisis in Ukraine.   Continuación...