PARIS, Oct 15 (Reuters) - European shares inched higher in
early trade on Monday, reversing the previous session's dip, as
hopes Spain will request a bailout eclipsed investors' worries
about the corporate earnings season.
At 0708 GMT, the FTSEurofirst 300 index of top
European shares was up 0.1 percent at 1,094.52 points, after
losing 0.5 percent on Friday.
Euro zone sources told Reuters over the weekend that Spain
could request a bailout in November and if it does, the request
would likely be dealt with alongside a revised loan programme
for Greece and a bailout for Cyprus in one big package.
"We're finally starting to see some light at the end of the
tunnel of the euro zone debt crisis, and this time it doesn't
look like it's a train coming," said David Thebault, head of
quantitative sales trading, at Global Equities.
"But at the same time, U.S. earnings are quite gloomy, which
makes people cautious at this point."
Banks gained ground on Monday helped by the Spain bailout
hope, with BNP Paribas up 0.6 percent.