European stocks hit by pain in Spain
(Releads with closing prices)
* FTSEurofirst 300 ends down 1.2 pct
* Spanish stocks fall after inconclusive election result
* Rising euro also weighs on equities
By Sudip Kar-Gupta
LONDON Dec 21 (Reuters) - European shares fell on Monday, giving up their earlier gains as losses in Spain and a rise in the euro weighed on the region's stock markets.
The pan-European FTSEurofirst 300 index ended down 1.2 percent, while the euro zone's blue-chip Euro STOXX 50 also declined by 1.5 percent.
Britain's FTSE 100 fell 0.3 percent and Germany's DAX retreated 1 percent.
Spain's IBEX equity index was the worst performer, falling 3.6 percent after an inconclusive Spanish election result, while Spanish 10-year government bond yields also hit one-month highs after the election. Continuación...