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European Shares Set to Edge Higher

Reuters
Wednesday, 28 Nov 2007 | 1:39 AM ET

European shares were seen edging higher on Wednesday, reversing a two-session drop as recently battered banking shares continue to recover, tracking a rise by their U.S. peers on Wall Street overnight.

Retreating oil prices could dampen energy stocks, but could also lend support to manufacturers.

Mining stocks could also retreat as base metal prices dropped on worries over the outlook for the U.S. economy.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open unchanged to up one point, the German DAX 19 to 22 points higher and the French CAC 40 eight to 11 points higher.

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