LONDON Dec 20 European shares edged up to a
two-week peak on Friday, still riding the positive momentum of a
Federal Reserve decision on Wednesday that underlined growing
optimism over the U.S. economy while promising to keep interest
rates low for longer.
Traders, however, said the market may be vulnerable to
profit taking in the last trading days of the year after gains
of about 3 percent for the pan-European FTSEurofirst 300
this week. That put the index on track for its best
weekly gain in eight months and it is now up by more than 13
percent this year.
At 0807 GMT, the euro zone's blue-chip Euro STOXX 50
was up 0.2 percent at 3,037.00 points.
Germany's DAX share index rose 0.4 percent,
outperforming the wider market after data showed German consumer
morale hit its highest level in nearly 6-1/2 years heading into
January as shoppers became more willing to splash their cash.
The FTSEurofirst 300 was up 0.1 percent at 1,282.47 points
after setting a new two-week high and rising 1.8 percent on
Thursday, its biggest one-day gain since September, after the
Fed announced to phase out its stimulus more gently than many