LONDON Aug 29 European shares edged lower on
Wednesday, led by Bouygues, as traders cited worries
over the weak global economic outlook and nervousness ahead of a
key gathering of central bankers at Jackson Hole, Wyoming, this
The FTSEurofirst 300 index fell 0.1 percent to
1,087.69 points by 0705 GMT. The euro zone's blue-chip Euro
STOXX 50 index was flat at 2442.72 points.
Trading over the past week has been choppy in low volume, as
investors weigh up whether the European Central Bank will launch
sovereign bond purchases or cut rates in September, and whether
the U.S. Federal Reserve will hint at new quantitative easing
measures at the Jackson Hole symposium on Friday.
"We've got the prospects of further quantitative easing in
the United States and a rate cut in Europe, but against that
we've got a worsening economic outlook, so we're in limbo for
the time being," said Berkeley Futures Ltd associate director
Leading faller across the region was French firm Bouygues
, down 5.2 percent after posting sharply lower
first-half profits after the close on Tuesday.