European shares drift up in light trade

LONDON, Dec 24 (BestGrowthStock) – European shares edged up on
Friday, at the start of a shortened session, with many stock
markets closed.

At 0809 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was up 0.1 percent at 1,147.01 points after
falling 0.1 percent in the previous session.

The index has gained 7.5 percent in December and is on track
for its biggest monthly gain since July 2009.

French retailer Carrefour (CARR.PA: ) was among the gainers,
up 1.2 percent.

“We’ve had a good run, helped by quantitative easing and
better economic data,” said Bernard McAlinden, investment
strategist at NCB Stockbrokers in Dublin. “We’ve broken out of
ranges, and it can go higher in 2011. The worry now in the euro
zone is Spain.”
(Reporting by Brian Gorman)

European shares drift up in light trade