Europen shares slip for third day on weaker miners


European shares dropped for a third straight day on Thursday, with disappointing economic numbers in the previous session raising concerns about the sustainability of the recent equities rally to four-month highs.

At 0706 GMT, the FTSEurofirst 300 <.FTEU3> index of top European shares was down 0.1 percent at 1,083.71 points after ending 0.3 percent lower on Wednesday.

“We are still lacking a degree of direction and could see the market remaining relatively quiet,” said Keith Bowman, equity analyst at Hargreaves Lansdown.

“We certainly remain very data sensitive. Yesterday’s US figures were little disappointing, but on balance, economic numbers are probably seen as still supportive.”

Miners were among the top decliners, tracking losses in key base metals prices. BHP Billiton , Anglo American , Antofagasta, Rio Tinto and Xstrata fell 0.6 to 1.4 percent.

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