By JERUSALEM POST STAFF
LONDON - European stock markets were modestly lower Thursday after Japan's Nikkei index closed at a five-year low and Wall Street's Dow Jones index ended down nearly 6 percent Wednesday over mounting recession fears.
Europe's indexes could have been harder hit but for a late recovery in Asia, which helped the major indexes pare back a large chunk of their earlier losses.
Britain's FTSE 100 index of leading shares was down 35.24 points, or 0.9 percent, at 4,005.65, while Germany's DAX was 77.34 points, or 1.7 percent, at 4,493.73. The CAC-40 in France was 34.01 points, or 1.0 percent, lower at 3,264.17.
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