European shares turn negative as utilities fall

LONDON, April 6 (Reuters) – European shares turned negative
in early trade on Wednesday, with EDF (EDF.PA: Quote, Profile, Research) leading utility
shares lower after Citigroup cut its price target for the
company.

At 0801 GMT, the FTSEurofirst 300 (.FTEU3: Quote, Profile, Research) index of top
European shares was down 0.2 percent lower at 1,141.32 points
after touching 1,146.54, the highest since March 9, earlier in
the session.

The utility sector (.SX6P: Quote, Profile, Research), down 0.9 percent, topped the
losers’ list, while EDF fell 4.2 percent.
(Reporting by Atul Prakash)

European shares turn negative as utilities fall