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European stocks briefly turn negative; EDF drops

Fri Jul 3, 2009 3:30am EDT

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PARIS, July 3 (Reuters) - European stocks pared early gains and briefly turned negative to hit a one-week low in morning trade on Friday following the previous session's sharp selloff sparked by grim U.S. jobs data.

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At 0729 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.1 percent at 844.14 points after tocuhing a low of 841.47 earlier in the session.

French utility EDF (EDF.PA) was Europe's biggest loser, down 3.8 percent after Morgan Stanley downgraded the stock to "equal weight" from "overwheight". (Reporting by Blaise Robinson)

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