European shares edged marginally lower on Thursday in quiet trade as the recent rally lost steam waiting for central banks to act to boost growth and with China warning overnight its trade outlook for 2012 was worsening.
By 0758 GMT, the FTSEurofirst 300 was down 2.24 points, or 0.2 percent, at 1,098.50, pausing after recent gains which has taken the index close to 2012 highs.
Equity indexes have rallied strongly since late July, on expectations of further monetary stimulus from central banks after European Central Bank chief Mario Draghi pledged to do "whatever it takes" to protect the euro from Europe's sovereign debt crisis.
Markets on information-overload high
An unusually volatile week ended on a happy note. On Monday, May 13, the Nifty crashed two per cent. Every technical analyst, including yours truly, assumed a new intermediate downtrend had begun. On