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European shares were set to fall for a fifth straight session on Wednesday, tracking sharp drops in U.S. and Asian markets, with talk of more stimulus plans for the U.S. economy and weaker commodity prices hurting sentiment.
Financial bookmakers expected Britain's FTSE 100 to open 16 to 21 points, Germany's DAX to open 13 to 25 points down and France's CAC-40 to fall 18-25 points.
The FTSEurofirst 300 index of top European shares finished 0.8 percent lower at 826.36 points on Tuesday after rising to a high of 840.27. A fall below 822.96 points would be the lowest level for the index in more than two months.
Japan's Nikkei 225 Average hit its lowest point in six weeks on Wednesday, while U.S. stocks hit a 10-week low on Tuesday as talk of a second government stimulus plan heightened fears that the economy is not yet on the path to recovery and that the corporate earnings season will be weak.
A member of the Obama administration's economic advisory panel said the United States should plan to possibly provide a second round of stimulus funds to prop up the economy.
Commodity shares will be in focus after crude oil prices fell 1.2 percent to trade near $62 a barrel, while copper, nickel and zinc prices slipped more than 1 percent.
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Data is a real-time snapshot *Data is delayed at least 15 minutes