The Federal Reserve’s decision earlier this month to begin tapering its economic stimulus boosted European shares for a second day, sending them well on their way from their biggest weekly advance since April. U.S. stock-index futures and Asian shares show little movement.

Goldman Sachs Group Inc. advised buying shares of Telenet Group Holding NV sending the stock on 2.5 percent jump. BAE Sysptems Plc lost 3.6 percent following the announcement that the United Arab Emirates ended talks to purchase its combat planes.

“European equities are set to edge higher on the open,” wrote Jonathan Sudaria, a trader at Capital Spreads in London, in an e-mail. “The post FOMC rally still has some momentum but only a muted move higher is expected today.”

After the Fed announced on Wednesday that it would decrease the amount of its economic stimulus by $20 billion, the Stoxx 600 gained 1.7 percent yesterday, recording its greatest two-day gain since June.