European shares turn lower after weak U.S. Data

LONDON, May 1: European shares edged lower on Friday as worse-than-expected U.S. Economic data cast a shadow on global recovery prospects.
The Institute for Supply Management-Chicago’s index of Midwest business activity fell to 49.0 in April, from 52.4 in March, missing expectations and falling below the 50 mark – indicating contraction – for first time since September  2009.
The FTSEurofirst 300 index of pan-European shares  turned lower after the U.S. Data, trading 0.2 percent lower at a session-low of 1,199.79 points.
(AGENCIES)

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