European Shares Set to Inch Higher, Earnings Eyed

European stocks were set to inch higher on Monday, extending a three-session rally, as investors brace for a flurry of corporate earnings from U.S. bellwethers such as Apple , Merck and Bank of America .

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 1 and 3 points higher, the German DAX 11 to 14 points higher, and the French CAC 40 1 to 5 points higher.

European shares rallied on Friday after better-than-expected earnings from U.S. bank Citigroup spurred a rally in recently-hammered financial stocks.