September 9, 2008 / 3:08 PM / 11 years ago

European stocks extend losses in late trade

FRANKFURT, Sept 9 (Reuters) - European stocks extended losses in late afternoon trading on Tuesday, led by miners such as Anglo American (AAL.L) and steel makers such as ArcelorMittal MTP.PA amid renewed worries about economic growth.

At 1502 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 0.8 percent at 1,153.33 points, having risen more than 1 percent earlier in the session.

The DJ Stoxx basic resources index .SXPP, which includes miners, slumped 6.9 percent. Anglo American (AAL.L) fell 8.1 percent, BHP Billiton BLT.L dropped 7.1 percent and Rio Tinto (RIO.L) shed 6.9 percent.

ArcelorMittal fell 7.4 percent.

Bolstered by a 1.9 percent rise for Britain’s Barclays (BARC.L) and a 2.4 percent climb for Deutsche Bank (DBKGn.DE), banks were among leading European gainers despite an almost 40 percent slide in the shares of U.S. investment bank Lehman Brothers LEH.N in New York. (Reporting by Peter Starck)

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