European shares' afternoon recovery picked up pace after Wall Street opened for a shortened trading day.

At 2:48 p.m., the FTSEurofirst 300 <.FTEU3> index of leading European shares was up 1 percent at 908.75 points, just off its intra-day high of 910.99.

In the United States, meanwhile, the Dow Jones industrial average <.DJI> and the Standard & Poor's 500 <.SPX> both gained 0.5 percent.

It's a short session, so any buying has got to take place early on, a London-based trader said.

After closing for the Thanksgiving Day holiday on Thursday, U.S. stock markets close at 1 p.m. local time on Friday.

(Reporting by Simon Jessop; Editing by Atul Prakash)