LONDON, Nov 3 (Reuters) - European shares were set to open higher on Monday, tracking gains in the U.S. market in the previous session and in Asia on Monday, on hopes that recent measures to help the financial sector would calm jitters. Futures for the DJ Euro Stoxx 50 STXEc1, German DAX futures FDXc1 and French CAC futures FCEc1 were up between 0.5-1.0 percent, indicating a higher open. Investors will keep an eye on commodities stocks, with crude prices rising 1 percent, copper gaining 1.3 percent and aluminium advancing 0.9 percent. Banks will be in focus, with Commerzbank (CBKG.DE: Quote, Profile, Research, Stock Buzz) saying it will take a 8.2 billion euro capital injection from the German state and a further 15 billion in guaranteed funding to secure refinancing. [ID:nL3543865] Societe Generale (SOGN.PA: Quote, Profile, Research, Stock Buzz) reported an 83.7 percent fall in third-quarter net profit and said it was financially strong enough to withstand the global financial crisis. [ID:nL2427993] "Following news of investment in Barclays last week, the banking sector will remain in the news, with the HBOS/Lloyds saga rumbling on," said Chris Hossain, senior sales Manager at ODL Securities. "Talk of overseas investments could signal the first signs of recovery, albeit tomorrows elections in the U.S. and Thursday's UK interest rate decision will dictate the future direction of the markets this week," he added. The market will await interest rate verdicts this week. The European Central Bank and the Bank of England are expected to lower interest rates, following recent rate cuts by China, India, Japan and the United States. Major U.S. stocks indexes rose by 1.3-1.6 percent on Friday, while Europe's FTSEurofirst 300 registered a 2.8 percent gain. ----------------------MARKET SNAPSHOT AT 0729 GMT---------------------- LAST PCT CHG NET CHG S&P 500 .SPX 968.75 1.54 % 14.66 NIKKEI .N225 8,576.98 -5.01 % -452.78 MSCI ASIA EX-JP .MIASJ0000PUS 290.61 3.98 % 11.13 EUR/USD 1.2859 0.85 % 0.0108 USD/JPY 99.41 0.80 % 0.7900 10-YR US TSY YLD 3.974 -- 0.00 10-YR BUND YLD 3.881 -- -0.01 SPOT GOLD $732.60 1.32 % $9.55 US CRUDE CLc1 $68.56 1.11 % 0.70 ----------------------------------------------------------------------- * Ugly October ends with an upbeat day on Wall St [ID:nL3512338] * Asia stocks gain as policy changes take root [ID:nL3511961] * Risk revival hurts dollar, European rate cuts await [Id:nSP121319] * Treasuries - Bonds end little changed as stocks [ID:nL3175155] * Gold rises 1 pct as oil bounces, euro strengthens [ID:nSP361217] * Oil reverses losses, rises over $1 to near $69 [ID:nSYD354021] COMPANIES UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) The Swiss government's bailout package for troubled bank UBS is showing effects, Swiss National Bank Chairman Jean-Pierre Roth said in a newspaper interview published on Saturday. Swiss National Bank Vice-Chairman Philipp Hildebrand called on state controlled Swiss banks to refrain from hunting for UBS clients at a time when the country's largest bank was getting government support. For related news, click on [ID:UBSN.VX]

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