European stocks pare losses in late trade
PARIS Jan 16 (Reuters) - European shares pared losses and turned flat in late trading on Wednesday, with traders mentioning brisk buying interest each time the market dips as fund managers look for opportunities to boost their exposure to equities.
"They're all buying the dips. This looks like the start of multi-year bull market and the fear of missing it is now bigger than the fear of a correction," a Paris-based trader said.
At 1504 GMT, the FTSEurofirst 300 index of top European shares was up 0.03 percent at 1,160.56 points after spending the session in red.
Banking stocks reduced their losses following good earnings by Wall Street firms Goldman Sachs and JPMorgan.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.