European shares hit more than 12 months, oil rise

European shares rose on Wednesday to a maximum of 12 months by a weaker dollar drove oil prices and metals, and to results of the technology that Intel and ASML reassured investors.

At 0928 GMT the FTSEurofirst 300 of top values rose 1.87 percent to 1014.03 points, after reaching a maximum of 12 months of 1014.36 points in the session.

The dollar hit a 14-month low boosting prices for oil and metals.

Energy stocks gained ground by the recent rise in oil prices above $ 75 a barrel.

Shares of oil company Total, ENI, BP and Royal Dutch Shell gained between 2 and 2.6 percent.

European Bank capital expanded by 78,000 mln dlr

Investment bank JP Morgan expects European banks to extend capital in the next six months by 78,000 million, to comply with the recommendations of the Basel II capital.
JP Morgan said that European banks seem to focus on obtaining a structural capital ratio of 8 percent.

Scheduled broadcasts include 38,000 million dollars to restore public support and 40.000 million in new funds to strengthen balance sheets.
The enlargements of Commerzbank, Allied Irish Bank, Bank of Ireland and Societe Generale will represent about 52 percent of the 78,000 million, JP Morgan said.