Europe Shares Mixed

 European shares were mixed in morning trade on Thursday, even as they continued to stabilize after a heavy sell-off last week, and as investors looked ahead to unemployment data due out from Germany. The FTSEurofirst 300 Index was higher following gains in the U.S. and Asia.

The Dow and S&P 500 rallied 1 percent after revisions to U.S. first-quarter gross domestic product showed that the economy was not yet strong enough for the Federal Reserve to withdraw its stimulus measures. China's benchmark stock index snapped a three day-losing streak on Thursday as investors went bargain hunting for battered banking stocks, while the rest of Asian stocks tracked strong U.S. gains overnight. Meanwhile on Thursday, key economic data is due out in Europe with a final reading of GDP (gross domestic product) for the U.K. at 9.30 a.m. London time and unemployment data for Germany - the euro zone's largest economy - due at 9.00 a.m. London time. 
Euro zone consumer and business sentiment data is also due out on Thursday at 10.00 a.m. London time. "Investors may be taking comfort from receding stimulus tapering fears in the wake of downbeat U.S. GDP data, but underlying sentiment remains fragile as ongoing economic concerns in Asia and the euro zone continue," Mike McCudden, head of derivatives at stockbroker Interactive Investor said in a morning note.