LONDON, April 4 European shares fell on
Thursday, extending the previous session's sharp losses ahead of
euro zone data that is expected to further confirm the region's
The FTSEurofirst 300 was down 0.2 percent at
1,190.70 by 0715 GMT, after a 0.9 percent fall on Wednesday when
weak U.S. data heightened concerns about the global economy's
The market will focus on euro zone Markit services PMI for
March, due at 0758 GMT, which is seen at 46.5, below the 50 mark
that separates growth from contraction.
The euro zone's blue-chip Euro STOXX 50,
meanwhile, rose 0.3 percent to 2,647.23, having fallen 1.5
percent on Wednesday.
Barclays Capital analyst Lynnden Branigan said the 'inside'
session seen on Wednesday, where trade was within the prior
day's range, highlights the indecision within the market, and he
expected further rangebound trade in the near term.
"A few more weeks of sideways chop before we get more
bullish again," he said. Should the index break above the 2,750
area, the top of the recent range, Branigan targets the 2,790
area, the highs from mid-2011.