By Sarah Turner
LONDON (MarketWatch) -- European shares rose in early trading on Tuesday, as worries about fall out from Dubai's debt woes abated. Banks advanced, with HSBC Holdings (UK:HSBA 722.40, +15.50, +2.19%) (HBC 59.01, +0.55, +0.94%) up 1.6% in London, while BNP Paribas (FR:BNP 56.15, +1.15, +2.09%) shares rose 1.8% in Paris after it also announced an increased synergy target from its Fortis acquisition. In the media sector, Vivendi (FR:VIV 19.70, +0.51, +2.66%) shares rose 2.8% after reports that it has reached a tentative deal with General Electric for the sale of its stake in NBC Universal. The U.K. FTSE 100 index rose 1.3% to 5,257.38, the German DAX index climbed 1.5% to 5,709.16 and the French CAC-40 index rose 1.5% to 3,734.18.
