PARIS Aug 29 European shares rose in early
trade on Friday, recovering some of the ground lost in the
previous session, as investors awaited inflation figures for the
euro zone which may shed light on the European Central Bank's
At 0707 GMT, the FTSEurofirst 300 index of top
European shares was up 0.3 percent at 1,373.36 points.
Shares in Britain's biggest retailer Tesco dropped
8.7 percent after it cut its profit forecast for the third time
in three years and slashed its interim dividend by 75 percent.
Euro zone inflation, due at 0900 GMT, is seen falling to 0.3
percent in August, following a surprise dip to 0.4 percent in
July, according to a Reuters poll of analysts.
The data will be at the centre of the ECB's policy meeting
next week, fuelling the debate about whether the central bank
should accelerate existing policy measures to fight the risk of
(Reporting by Blaise Robinson, editing by Tricia Wright)