European shares rose in early deals on Friday, boosted by encouraging earnings reports, while global sentiment was lifted by a new record high for the U.S. blue-chip Nasdaq index. The FTSEurofirst 300 was up 0.4 percent at 1,627.56 by 0704 GMT, Reuters reported. Top riser was Swedish home appliances maker Electrolux, up 6.3 percent after reporting a smaller-than-expected fall in first-quarter earnings. Renault rose 5.1 percent after it said first-quarter revenue rose 13.7 percent, as Europe's auto-market upturn more than made up for collapsing Russian sales and a prolonged emerging-market slump. The FTSEurofirst is less than 2 percent away from last week's 2015 high, which was its highest since 2000.