European Shares Set to Extend Gains as Oil Eases


European equities were poised to rise on Friday, gaining ground for the third consecutive session, as inflation fears eased after oil fell to around $126, while an upward revision of U.S. GDP fueled hopes for the outlook of the world's biggest economy.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 10 and 13 points higher, the German DAX 18 to 23 points higher, and the French CAC 40 17 to 24 points higher.

Oil prices steadied over $126 on Friday, after a steep fall in the previous session, as a rise in the dollar eclipsed the biggest drop in U.S. inventories since 2004.