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Europe Shares set to extend rally on U.S. plan

PARIS, Oct 14 (Reuters) - European shares were seen surging on Tuesday,
extending the previous session's record rally on news that the United States
plans to inject $250 billion into stricken banks.

 Financial spreadbetters expected Britain's FTSE 100 .FTSE to open 270 to
283 points higher, or as much as 6.6 percent, Germany's DAX .GDAXI to open 294
to 298 points higher, or as much as 5.9 percent, and France's CAC-40 .FCHI to
open 225 to 228 points higher, or as much as 6.5 percent.

 The U.S. Treasury will announce on Tuesday that it will buy stakes in Bank
of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz), Wells Fargo (WFC.N: Quote, Profile, Research, Stock Buzz), Citigroup (C.N: Quote, Profile, Research, Stock Buzz), JPMorgan Chase &
Co (JPM.N: Quote, Profile, Research, Stock Buzz), Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz), Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) and Bank of New York
Mellon Corp (BK.N: Quote, Profile, Research, Stock Buzz), sources familiar with Washington's plan said.

 "The concept of recapitalising banks certainly sounds more attractive than
nationalising them and the idea is certainly finding support amongst traders
with Wall Street posting a bumper 11 percent gain yesterday and Japanese markets
responding well too," Matt Buckland, dealer at CMC Markets, wrote in a note.

 Japan's Nikkei, which was closed on Monday for a holiday, jumped 13 percent
on Tuesday, taking heart from government pledges to shore up embattled banks and
restore confidence in the global financial system.

 European shares vaulted higher on Monday, gaining 10 percent -- their
biggest one-day percentage advance on record -- as investors cheered bold action
taken by governments and central banks to solve the credit crisis that has
crippled markets worldwide.