(Updates at 0756 GMT)

By Rae Wee

SINGAPORE, July 19 (Reuters) - European shares fell on

Friday as uncertainty across major economies added to headwinds

for investors even as the rate easing cycle gets under way,

while a global outage hit services from airlines, banks and

financial services.

It has been a turbulent week in markets, with a tech

sell-off sparked by deepening Sino-U.S. trade tensions,

uncertainty over U.S. President Joe Biden's fate in the

presidential race, disappointing Chinese economic data and a

lacklustre third plenum outcome casting a shadow over the global

mood.

In the foreign exchange market, Tokyo's recent bouts of

intervention also kept traders on edge.

"We could just be getting a taste of things to come. And

that is more turbulence," said Matt Simpson, senior market

analyst at City Index.

On Friday, major U.S. airlines ground flights citing

communications issues, while other carriers, banks and media

companies around the world reported system outages were

disrupting their operations.

LSEG Group's Workspace news and data platform

suffered an outage that affected user access worldwide, causing

disruption across financial markets.

European stocks fell 0.6%, while London stocks

fell 0.7% in early trading.

In Asia, MSCI's broadest index of Asia-Pacific shares

outside Japan slid 1.6% and was headed for its

worst week in three months with a nearly 3% loss.

S&P 500 futures tacked on 0.16%, while Nasdaq futures

gained 0.3%.

Technology stocks continued to struggle in Asia, with South

Korea's tech-heavy KOSPI index and Taiwan stocks

both falling 1% and 2%, respectively.

In China, investors were left disappointed over the lack of

details provided on the implementation steps for achieving

economic policy goals at the conclusion of its closely watched

plenum on Thursday.

Chinese officials on Friday acknowledged that the sweeping

list of economic goals contained "many complex contradictions",

pointing to a bumpy road ahead for policy implementation.

Chinese blue-chips were last up 0.55, though the

CSI300 Real Estate index slid about 2%, as an

anaemic property sector continued to weigh on China's growth

outlook.

"Apart from very broad-brush platitudes devoid of stimulus,

economic policy references of quality over quantity may also

imply willingness to stomach slower overall growth," said Vishnu

Varathan, chief economist for Asia ex-Japan at Mizuho Bank.

RATES VIEW

The euro was last at $1.0887, having fallen 0.4%

in the previous session after the European Central Bank kept

rates on hold as expected but left the door open to a September

cut as it downgraded its view of the euro zone's economic

prospects.

"The policy statement gives little away, offering no

meaningful changes from June - continuing to stress a

data-dependent approach to policy setting," said Nick Rees, FX

market analyst at MonFX.

"We still think that a September cut remains the base case."

The dollar was meanwhile on the front foot, distancing

itself from a four-month low hit earlier in the week against a

basket of currencies.

Sterling eased to $1.2934 after data showed British retail

sales volume fell by more than expected in June.

The dollar was partially underpinned by strong U.S.

manufacturing data and jobless figures that did little to

suggest a significant slowing in the labour market, though

traders are still pricing in a September rate cut from the

Federal Reserve.

The yen last traded at 157.41 per dollar, though

was headed for a slight gain for the week, helped by suspected

bouts of intervention by Japanese authorities to prop up the

currency and as an acceleration in the core inflation last month

kept alive expectations that the Bank of Japan could soon raise

interest rates.

In commodities, oil prices fell. Brent crude futures

eased 0.4% to $84.7 a barrel, while U.S. crude futures

slid 0.58% to $82.34 per barrel.

Gold eased 0.6%, retreating from a record high of

$2,483.60 per ounce hit earlier this week on the prospect of

lower global interest rates.