European Shares Set to Rise, Credit Suisse in Focus


European stocks looked set to rise on Tuesday tracking firmer performances on U.S. and Asian stock markets as higher oil prices and merger and acquisition talk competed for investors' attention with lingering U.S. recession fears.

Swiss bank Credit Suisse reported full-year net profit broadly in line with analysts' estimates and said it expected the environment to remain challenging in the near term.

Other European results are expected from Sanofi-Aventis, Securitas, Tele2 and Thales.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 35 and 36 points higher, the German DAX between 37 and 40 points higher and the French CAC 40 up 23 to 29 points.

On Monday, U.S. stocks rebounded from the worst weekly loss in five years, as bargain-hunting and takeover talk sparked gains in the technology sector and higher oil prices lifted energy stocks. 

Oil fell to $93 on Tuesday after hitting its highest mark in a month a day ago on Venezuela's threat to stop sales to the world's top consumer.