Banks lead European stocks higher ahead of US open (AP)

A Filipino trader blows a horn as he holds an ox doll at the Philippine Stock Exchange at the financial district of Makati, south of Manila, Philippines as they celebrate the Chinese New Year on Monday Jan. 26, 2009. The Philippine Stock Exchange index rose 12.58 points or  0.6773 percent at 1,869.92. (AP Photo/Aaron Favila)AP – European markets rose Monday despite an expected anemic open on Wall Street, as an upbeat statement from Barclays bank sent its shares up a stunning 53 percent and boosted investors’ confidence in the ailing banking sector.

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