LONDON, April 18 European shares edged higher on
Thursday, with some investors seeing value after the market's
worst four-day fall in nine months, though a crop of weak
earnings and global growth concerns kept a lid on the gains.
The FTSEurofirst 300 was up 0.1 percent at 1,149.09 points
by 0703 GMT, recovering some poise after hitting its
lowest intra-day level since Jan. 2 at 1,144.13 on Wednesday.
The pan-European index has lost 3.8 percent since last
Thursday's close - its worst four day run since July 2012 - and
is now down around 5.1 percent from the 4-1/2 year peaks hit
"It seems that there is some bid in the European session
today but it could still change as we have some important
figures coming from the U.S. and recent U.S. data has
disappointed with regards to expectations," said Peter Garnry,
head of equity strategy at Saxo Bank.
"I am still betting on a 7 percent decline from the peaks,
so in that context I would expect more dips."