European Stocks Extend Losses; Stoxx 600 Index Declines 0.8%

By Andrew Rummer

Dec. 8 (Bloomberg) -- European stocks slid for a second day as German industrial output unexpectedly declined in October and Nakheel PJSC posted a first-half loss.

The Dow Jones Stoxx 600 Index retreated 0.8 percent to 245.92 as of 11:33 a.m. in London, erasing an earlier gain of 0.2 percent.

Nakheel, the Dubai World-owned property developer seeking to renegotiate debt, had a first-half loss of 13.4 billion dirhams ($3.65 billion) as revenue fell and it wrote down the value of land and property, according to a document obtained by Bloomberg News.

Last Updated: December 8, 2009 06:34 EST