Falling miners drag Europe stocks to one-week low

* FTSEurofirst 300 down 0.4 pct; extends Thursday's selloff

* Miners pace the decline, falling along with metals

* Index on track to record third straight week of losses

* For up-to-the-minute market news, click on [STXNEWS/EU]

By Blaise Robinson

PARIS, July 3 (Reuters) - European shares dropped 0.4 percent in early trade on Friday, adding to the previous session's selloff triggered by downbeat U.S. jobs data, as mining shares fell along with metal prices.

French utility EDF (EDF.PA: Quote, Profile, Research) was Europe's biggest loser, down 4.3 percent after Morgan Stanley downgraded its rating on the stock to "equal weight" from "overweight", while both UBS and Citigroup trimmed their price target on the stock.

At 0830 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent at 839.95 points. The index tumbled 2.6 percent on Thursday after data showed U.S. employers shed nearly half a million jobs in June and the unemployment rate surged to 9.5 percent, the highest in nearly 26 years.