Europe's top share index extended losses in midday trade as weak euro zone economic data, did little to boost risk appetite among investors ahead of U.S. jobs numbers and elections in France and Greece over the weekend.
Corporate earnings continued to impress, however, with Royal Bank of Scotland, BNP Paribas and Lafarge proving companies can still lift profits despite the austere economic backdrop.
The FTSEurofirst fell 6.31 points, or 0.6 percent to 1,038.08 by 1035 GMT, having traded in a 40-point range since early April. It found support around the 1,029 level, the 50 percent retracement of the LTRO rally that began mid-December.
Sabic-Shell scrap Jubail plant plan
Saudi Basic Industries Corporation (Sabic) and Royal Dutch Shell have shelved plans to expand an existing petrochemical joint venture in Saudi Arabia as the results of feasibility studies were not en