European stocks were sharply lower a day after U.S. stocks sustained some of their steepest declines this year. A monthly survey of European executives showed that business activity in the European Union slowed in February, a strong signal that a downturn that began last year will continue into 2013.
Stock indexes in France, England and Germany finished the day down more than 1.5%.
Signaling that the U.S. labor market remains in slow recovery mode, the government said more people applied for unemployment benefits last week.
In the US Stocks continued a two-day slide Thursday on weak economic data and concern about the Federal Reserve's resolve to keep juicing the market.
The Dow Jones industrial average and the Standard and Poor's 500 and the Nasdaq composite indexes down at least 0.4% in afternoon trading.
Read more: U.S. stocks drop after selloff in Europe
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