LONDON (AFP) - London shares were falling Friday on a weak outlook for the global economy following further disappointing US and European data.

London's FTSE 100 index of leading shares showed a loss of 1.33 percent nearing the half-way mark on Friday. The FTSE has taken a beating in recent days, closing 2.50 percent lower on Thursday.

Wall Street was hammered overnight as more losses in private-sector employment weighed on market sentiment and fears that consumption, a main pillar for US growth, is stumbling.

"Wall Street's dive has raised concerns over the global economy," said President Securities analyst Steven Huang.

Markets were awaiting further US jobs data due Friday amid expectations that more bad news was on the way.

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