RTRS: European stocks sag on grim U.S. consumer data
European stocks extended their losses on Tuesday after data showed U.S. consumer confidence fell to a record low in January, fuelling fears over the outlook for the world's biggest economy.
At 1506 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 1.3 percent at 774.59 points. The Conference Board, an industry group, said its sentiment index fell to 37.7 from a revised 38.6 in December, confounding forecasts for a small uptick.
The grim data also prompted U.S. stocks to pare early gains and turn negative.
