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Weak growth outlook drags on European stocks

LONDON, Oct 2 (Reuters) - European shares fell on Tuesday, weighed by weakness in basic resources stocks on concern about the outlook for global growth.

Doubts over third-quarter company results is deterring investors from extending a two-month rally, particularly in light of weak economic data such as purchasing managers' index data seen this week.

"The real key to create confidence is positive earnings surprises, positive economic data surprises," Philip Isherwood, European strategist at Absolute Strategy Research, who is 'overweight' on stocks.

"We need to find fundamental support for the moves generated by 'Draghi-juice'," he added, referring to the rally spurred in part by European Central Bank President Mario Draghi's pledge to defend the euro.

The FTSEurofirst 300 index of leading European shares provisionally closed 0.3 percent lower at 1,101.55 points. The STOXX Europe 600 Basic Resources index led sectoral fallers, down 1.2 percent.

(Reporting by Simon Jessop; editing by Swaha Pattanaik)

((simon.jessop@thomsonreuters.com; +44 (0) 207 542 5052; Reuters Messaging: Reuters Messaging: simon.jessop.thomsonreuters.com@reuters.net))

Keywords: MARKETS EUROPE STOCKS/CLOSE