European shares weighed down by banks, mixed U.S. data
* Post-ECB rally fizzles, traders cite loan-demand concerns
* Mixed U.S. jobs data fails to give jolt to market
* FTSEurofirst 300 closes down 0.5 pct
* ArcelorMittal gains after results beat forecasts (Updates final closing prices)
By Lionel Laurent and Blaise Robinson
PARIS, Nov 7 (Reuters) - European shares lost ground on Friday as pessimism over economic growth and loan demand in Europe hit bank stocks, while mixed U.S. jobs data did little to buoy investor sentiment.
Equities had staged a short-lived rally on Thursday after European Central Bank chief Mario Draghi reiterated plans to revive the struggling euro zone economy by pumping more money into the economy.
But traders cited lingering doubts over the timing and size of possible future ECB measures as well as signals from euro zone banks which suggested the outlook for loan growth remained bleak.
"Given the fact that we've had some weak results in terms of loan growth at French banks, with loan growth even negative at Credit Agricole, there are fears of a real slowdown happening at these banks," said BESI analyst Shailesh Raikundlia. Continuación...