Economy Panic Sends European Stocks Lower; Iliad Rises as T-Mobile Odyssey Ends

European stock indices drop to their lowest levels in at least eight months on Tuesday after a closely watched gauge of the German economy falls, fuelling concern about a euro-zone recession. Analysts and investors’ assessment of the current situation in Germany plunges in a poll conducted by the ZEW research institute, and their outlook regarding the euro-zone’s largest economy enters negative territory for the first time in almost two years. Luxury goods groups Mulberry and Burberry decline in London, raising a question mark over whether Germany’s Reimann family will go ahead with the IPO of shoe maker to the stars, Jimmy Choo.