European shares were ending a torrid trading week Friday on a subdued note with leading bourses edging up after Wall Street pushed forward in early opening trading, according to dpa. With a solid rise in stocks across Asia, Europe's blue-chip Dow Jones Stoxx 50 index was up just 0.3 per cent at 3269.80 as Friday trading drew to a close after climbing 1.6 per shortly after opening. Signs of a measure of calm returning to global stock markets followed a tumultuous week in share trading with stocks in Europe on Monday chalking up their biggest one-day falls since the September 11 2001 terrorist attacks. The rout on the world's bourses came in the wake of fears that the US subprime mortgage market crisis could tip the giant US economy into recession fears. At the same time, the prospects of the US Federal Reserve following up the hefty rate cut it delivered this week with another reduction in borrowing costs next week helped to drive up the price of gold to an all-time high of nearly 920 dollars an ounce. Oil also nudged up in European trading to over 90 dollars a barrel. However, Friday's rise in European stocks was more measured than Thursday when share indices bounded ahead to record their biggest one-day rise in about five years with investors having been taken on a roller coaster ride this week. By late afternoon trading, Europe's premiere stock market in London had slipped 0.03 per cent while Paris' CAC had climbed about 0.2 per cent with technology and banking stocks helping to underpin the gains. Frankfurt's DAX was up 0.66 per cent after gaining 1.7 per cent in morning trading following a positive set of numbers from luxury sports carmaker Porsche SE. Share trading in emerging Europe was also more low-key Friday with the Moscow stock market nudging up a solid 2.60 per cent and Prague gaining 0.87 per cent. Warsaw was up 0.56 per cent. The more stable mood prevailing in European share trading Friday also came in the wake of strong closings across Asia with Japan's key Nikkei index jumping more than 4 per cent. Hong Kong's Hang Seng climbed 6.8 per cent while stocks in Taiwan stocks rose nearly 3 per cent. Meanwhile, the Bombay Stock Exchange's benchmark Sensex index was up 4.48 per cent and the Shanghai composite closed up 0.9 per cent.
