Banks, oils lift Europe shares; StanChart jumps

* FTSEurofirst 300 gains 2.5 percent

* Banks, oils top gainers

* Political risk eyed after India attacks

By Sitaraman Shankar

LONDON, Nov 27 (Reuters) - European shares rose in early trade on Thursday, led by oils and banks and tracking U.S. and Asian gains.

At 0917 GMT, the FTSEurofirst 300 index of top European shares was up 2.5 percent at 851.29 points, with gainers outnumbering losers by 9 to 1.

Banks were the top gainers, as Standard Chartered (STAN.L: Quote, Profile, Research, Stock Buzz), trading ex-rights, jumped 10.5 percent from its adjusted closing price on Wednesday. Credit Suisse (CSGN.VX: Quote, Profile, Research, Stock Buzz), Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz), UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) and Societe Generale (SOGN.PA: Quote, Profile, Research, Stock Buzz) rose 3.5-7.8 percent.

Carmakers rose on fresh hopes for a government bailout of industry major General Motors (GM.N: Quote, Profile, Research, Stock Buzz), with Renault (RENA.PA: Quote, Profile, Research, Stock Buzz), Peugeot (PEUP.PA: Quote, Profile, Research, Stock Buzz), BMW (BMWG.DE: Quote, Profile, Research, Stock Buzz) and Daimler (DAIGn.DE: Quote, Profile, Research, Stock Buzz) up 3.8-5.3 percent.

But trading was expected to be thinned by a Thanksgiving Day market holiday in the United States.

"It's going to be a bit of a nothing day, as we wait for Black Friday in the United States -- the day where all retailers go from red to black," said Justin Urquhart Stewart, investment director at Seven Investment Management.

"If it goes like the UK, it could be a black Friday in the wrong sense," he added.

Retailers have been among the sectors hit by economic worries which have punctured global equities this year.

Europe's biggest home improvements retailer, Kingfisher (KGF.L: Quote, Profile, Research, Stock Buzz) dropped more than 6 percent after it said trading was set to get tougher and that it needed to conduct a more comprehensive repositioning of its loss-making Chinese business.

Across Europe, Britain's FTSE .FTSE rose 1.3 percent, Germany's DAX .GDAXI gained 1.9 percent and France's CAC .FCHI added 2 percent.

Among energy stocks, BP (BP.L: Quote, Profile, Research, Stock Buzz) and Total (TOTF.PA: Quote, Profile, Research, Stock Buzz) rose more than 2 percent.

POLITICAL RISK REARS ITS HEAD

Adding to economic woes, political risk returned to the fore as suspected Islamist gunmen launched waves of attacks in the heart of India's financial capital, Mumbai, taking many foreigners hostage in two of the city's plushest hotels.

And pressure built on Thailand's military to intervene in a political crisis threatening to descend into widespread civil unrest after Prime Minister Somchai Wongsawat rejected calls to quit.

"These awful events are reinforcing the nervousness about emerging markets, which have been weak any way for some time after the U.S. slowdown and the domino effect," said Stewart.

"Political risk is returning to the fore, adding to economic risk -- this is another dry piece of wood thrown on to an unpleasant fire," he said.

The FTSEurofirst 300 is down 44 percent so far this year, punctured by a credit crisis that shook the world's top banks and tipped major economies into recession.

The index suffered its worst month in five years in October, losing 12.7 percent and has lost nearly 9 percent this month.

Trade has been volatile, with the index up on nine days and down on 10 days so far in November. (Reporting by Sitaraman Shankar; Editing by Jon Loades-Carter)