GLOBAL MARKETS-U.S., European shares lose ground after U.S. data; oil falls
(Updates to close of European markets)
* U.S. shares fall, European shares erase gains after U.S. ISM data
* Oil prices fall more than 3 pct on U.S. crude stocks data
* Dollar slips after ISM data casts doubt on U.S. economy
* Treasury yields little changed, Friday's jobs data awaited
By Sam Forgione
NEW YORK, Sept 1 (Reuters) - U.S. shares edged lower, European shares erased gains and the dollar dipped on Thursday after a report showing weakness in U.S. manufacturing last month added to uncertainty ahead of Friday's monthly U.S. jobs data, while oil prices tumbled.
The Institute for Supply Management (ISM) said its index of national factory activity fell to 49.4 in August, below expectations of economists polled by Reuters for a dip to just 52.0, and showing the first contraction in manufacturing since February.
The data weighed on sentiment amid an already nervous investor environment ahead of Friday's U.S. employment report for August. Federal Reserve Vice Chair Stanley Fischer said last week that the central bank would consider the jobs data when discussing when to next raise interest rates. Continuación...