LONDON, March 13 European equities edged lower
on Wednesday, weighed down by a string of weak earnings reports
and with investors looking to economic data to back the rally in
key stock indexes to multi-year highs.
A subdued showing on Wall Street overnight - where the Dow
Jones Industrial Average slipped off a record high to
close flat after seven straight sessions of gains - and a sell
off in Tokyo added to the cautious mood in Europe.
The pan-European FTSEurofirst 300 was down 0.1 percent at
1,193.35 points by 0801 GMT, edging further away from a
4-1/2 year peak of 1,197.73 points set at the end of last week.
"People are pausing for thought, waiting to see if the
growth story is there," said Neil Marsh, strategist at Newedge.
"It's a bit of a pause, hoping that the data is going to
continue showing some positive trends and, if it does, I think
we will continue back up."
Euro zone industrial production and U.S. retail sales are
due on Wednesday, followed by U.S. producer prices on Thursday.
Among individual stocks, Addecco, G4S and
Inditex led the fallers after reporting results.