LONDON, Dec 7 (Reuters) - European shares erased their
earlier gains to turn negative on Friday, in choppy trade, as
weak U.S. consumer sentiment data weighed on sentiment.
The FTSEurofirst 300 index was down by 0.1 percent
at 1,131.21 points.
The euro zone's blue-chip Euro STOXX 50 index
fell by 0.3 percent to 2,596.43 points.
The STOXX 600 telecoms index was the
worst-performing European equity sector, declining by 0.6
percent as Deutsche Telekom fell 2.7 percent after
cutting its dividend.
"My preference is to the downside," said XBZ European equity
options broker Mike Turner, citing uncertainty over the outcome
of U.S. budget talks as a potential drag on markets in coming