* FTSEurofirst 300 up 0.6 pct
* Banks lead gainers
* Commerzbank a top gainer
By Simon Jessop
LONDON, July 21 (Reuters) - European shares reversed early falls to trade higher after a draft document showed plans for a wide-ranging response to the euro zone sovereign debt crisis at a meeting of euro zone leaders on Thursday.
The document detailed plans to extend the maturity of bailout loans, expand the bailout fund's mandate, stimulate growth in the Greek economy and include private sector participation.
At 1227 GMT, the FTSEurofirst 300 index of leading European shares was up 0.6 percent at 1,098.03 points, with almost half the gains supplied by the banking sector, which extended its rally into a third day.
Commerzbank was a top gainer across the region, up 5.9 percent, while the STOXX Europe 600 Banks index also moved higher, leading sectoral gainers with a 2.3 percent rise. ============================================================ For rolling updates on what is moving European shares please click on ============================================================ For pan-Europeanmarket data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. STOXX Europe index.................................. Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................
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