European Shares Set to Edge Up, Eyes on  Earnings

European shares looked set to open slightly higher on Thursday, tracking overnight Wall Street gains, with the focus on a raft on corporate earnings and a number of key economic indicators.

European and U.S. bank stocks rose on Thursday after the Federal Reserve and other central banks expanded their liquidity-boosting measures.

Financial bookmakers in London expected Britain's FTSE 100 index to open between 11 and 16 points higher, the German DAX between 1 and 3 points lower, and the French CAC 40 10 to 16 points higher.

More than 50 top European companies are scheduled to report, among those banks HBOS and Deutsche Bank, oil major Royal Dutch Shell, telecom operators BT Group, Telefonica and France Telecom, consumer goods group Unilever, drugmaker Sanofi-Aventis and property group Metrovacesa.

U.S. second-quarter GDP is due later in the session. Economists polled by Reuters expects 2.0 percent annualized growth in the world's largest economy.

The European economic data calendar has Swiss inflation, British house prices, German unemployment and euro zone inflation all out today.