Reuters - Banks drove European shares higher on Monday ahead of this week's key earnings data which will show their progress in writing down losses related to U.S. subprime mortgages, while platinum raced to new historic highs.

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BusinessWeek Online - European financial markets breathed a sigh of relief on Jan. 22 as share prices rebounded after the U.S. Federal Reserve pushed through an emergency three-quarter-point interest rate cut. The Fed's action, which followed a day of panic selling on global bourses, underscored Europe's vulnerability to a potential U.S. recession. After plunging in the morning — following a rout on Jan. 21 and early declines in Asia — Britain's FTSE-100 and France's CAC-40 ended the day up more than 2%, while Germany's DAX edged down 0.3%. Continue
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