European shares fell in early trading on Wednesday, reversing part of the previous day's tentative bounce and hurt by another drop in oil prices as well as by Russia's brewing financial crisis, Reuters reported. At 0908 GMT, the FTSEurofirst 300 index of top European shares was down 0.8 percent at 1,305.29 points. Euro zone inflation is now at 0.3 percent, far below the bank's target of just below 2 percent.