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European stocks slid from an 11-week high as U.S. consumer confidence fell and a canceled finance ministers’ meeting fueled concern that the region’s leaders may struggle to resolve the debt crisis at a summit tomorrow.

STMicroelectronics NV (STM) sank 7.4 percent as Europe’s largest semiconductor maker forecast sales that trailed estimates. Meyer Burger Technology AG (MBTN) lost 13 percent as the maker of solar-panel equipment said it will halt output at a Swiss unit amid “high uncertainties” within the industry. BP Plc (BP/) and BG Group Plc (BG/)led energy companies higher after reporting earnings.

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