LONDON Jan 13 European shares rose early on
Monday to trade near a 5-1/2-year high, with financial stocks
helping the market after global banking regulators eased a new
bank rule on leverage to aid the global economy.
The STOXX Europe 600 banking index rose 1.1 percent
to the top of the sectoral gainers' list after Sunday's decision
on the new rules, which are meant to rein in risky balance
sheets from 2018.
At 0810 GMT, the pan-European FTSEurofirst 300 index
was up 0.3 percent at 1,324.67 points after setting a
new high since mid-2008 on Friday.
Analysts said that investors' focus will shift to company
earnings in the near term. A slew of major U.S. companies like
JPMorgan, Citigroup and Goldman Sachs will
announce results this week. European earnings will gather pace
in the last week of the month.