European Shares Set to Extend Rally

European share prices were set to rise on Monday, gaining ground for the fourth consecutive session as higher oil and metal prices boost commodity-related stocks.

Financial bookmakers, or spread betting providers, expected Britain's FTSE 100 index to open between 15 and 21 points higher, the German DAX up 26 to 31 points and the French CAC 40 up 17 to 25 points.

The FTSEurofirst 300 index of top European shares rose 0.4 percent on Friday, ending at 1,365.2 points, fed by a rally in energy stocks as crude oil hit new record highs, although banks coming under pressure and U.S. consumer sentiment data knocked the market back from session peaks.