London, May 9 (BridgeNews) - Most major European equity markets closed lower as most technology stocks reacted negatively to results from U.S. networking company Cisco (CSCO) on Tuesday. But losses were limited by strong gains in some defensive sectors, with the heavyweight oil stocks climbing strongly in the wake of their record-breaking recent profits. Hopes for a cut in U.K. interest rates on Thursday helped U.K. stocks. At 1600 GMT the FTSE Eurotop 100 Index was down 14 points, or 0.4%, at 3267.