European Shares Seen Up on Weak Oil, Strong Dollar

European shares were set to gain ground on Monday, as weak oil prices continued to ease inflation worries while a rise in the U.S. dollar against the euro could boost exporters.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 22-26 points higher, the German DAX 36-43 points higher, and the French CAC 40 20-26 points higher.

Oil rose on Monday, but remained below $117 a barrel, trimming some of the previous session's $5 decline on concern fighting between Russia and Georgia could disrupt energy exports from the Caspian region.

But gains were tempered by the rising U.S. dollar, which vaulted to a six-month high against a basket of currencies on Monday.