LONDON Jan 14 European shares were flat on
Monday, with French energy firm EDF the top gainer
after it reached a deal with the government over a tax levy
The FTSEurofirst 300 was at 1,163.91 by 0813 GMT,
consolidating just shy of a two-year high after rising almost 3
percent since the start of the year.
Corporate earnings season would likely remain the main
driver of market sentiment, Craig Erlam, market strategist at
"With earnings expectations so low for the fourth quarter,
it's difficult to see where any downside is going to come from.
As a result, I expect European markets to continue to rally this
week," he said.
The banking sector in particular will fall under the
spotlight this week, with JPMorgan and Goldman Sachs
among firms set to report.