PARIS, June 7 European shares rose in late trade
on Friday, extending initial gains that followed U.S. jobs data
showing the economy was growing modestly but not enough to
hasten a scaling back in the Federal Reserve's stimulus
At 1412 GMT, the FTSEurofirst 300 index of top
European shares was up 1.1 percent at 1,191.82 points, rising
along with U.S. stocks.
The Euro STOXX 50 Volatility index, known as
Europe's 'fear gauge', sank 9 percent, signalling a drop in
investors' risk aversion.