European shares turned positive in choppy trading on Friday, after upbeat macroeconomic news on the euro zone, and ahead of closely-watched U.S. labour report due later in the session,

At 0915 GMT, the FTSEurofirst 300 <.FTEU3> index of leading European shares was up 0.2 percent at 1,061.11 points, after trading as low as 1,056.55 points.

The euro zone's private sector economy snapped a four-month decline in January and expanded, albeit very weakly, according to a business survey that hinted the euro zone may avoid recession.

Markit's Eurozone Composite Purchasing Managers Index (PMI) rose in January to 50.4 from 48.3 in December.