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
"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.