European Shares Fall Further,US Jobs Report Weighs

European shares stayed in the red on Wednesday.

European shares stayed in the red on Wednesday as data showed job creation in the U.S. private sector rose at its slowest pace in over four years in August, aggravating doubts about the resilience of the U.S. economy.

The ADP employment report showed U.S. private employers likely added 38,000 jobs in August, versus a downwardly revised 41,000 in July, and less than half the 83,000-rise forecast in a Reuters poll.

By 1240 GMT the FTSEurofirst 300 index of top European shares was down 1 percent at 1,533.4 points, down from a session high at 1,549.62 points.

U.S. stock futures were also down between 0.6 and 0.8 percent.

The ADP report comes two days before the wider U.S. non-farm payrolls report, the key measure of nationwide job creation and a major gauge of economic health.

London's FTSE 100 index fell 1.1 percent, while Frankfurt's DAX shed 1 percent and Paris' CAC 40 dropped 1.3 percent.