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European stocks extend gains, led by banks
 

LONDON, Nov 4 - European shares extended gains in morning trade on Tuesday, led by banks, oils and pharma stocks, as investors geared up for the long-awaited U.S. Presidential election.

At 0942 GMT, the FTSEurofirst 300 index of top European shares was up 1.3 percent at 945.41 points.

French banks Dexia and Societe Generale were up more than 7 percent, while UBS rose initially after it said a government bailout was helping to stem client outflows, but gave up gains to be 0.7 percent lower.

U.S. stock index futures were 1.3j to 1.7 percent higher, indicating a strong start to Wall Street.

 
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