PARIS, June 30 European shares inched higher in
early trade on Monday in the last session of the quarter, as
investors bet that a raft of U.S. and European macro data due in
the week will soothe recent worries over the pace of economic
At 0704 GMT, the FTSEurofirst 300 index of top
European shares was up 0.1 percent at 1,371.78 points, steadying
after a 1.7 percent slide last week.
Investors will focus on Monday on euro zone inflation data
for June, due at 0900 GMT, which should show inflation stuck at
0.5 percent, the ninth consecutive month in the ECB's "danger
zone" of below 1 percent.
Shares in Dutch conglomerate Philips gained 2.6
percent after saying it will merge its Lumileds LED components
and automotive lighting divisions into a standalone subsidiary
which could potentially be spun off.
(Reporting by Blaise Robinson)