European shares rose in early trade on Tuesday to break a five-day losing streak, helped by a surge in Volkswagen and sharp gains in heavyweight oil group BP after quarterly profits jumped. At 0955 GMT, the FTSEurofirst 300 index of leading European shares was up 2.1% at 833.00 points, and had been as high as 839.86. The index has lost 21.6% in October, hurt by a credit crisis and recession worries. Volkswagen was up 64%, following its 146% surge on Monday. Short sellers piled into the stock to sew up their speculative positions after Porsche bought up nearly all VW's remaining free float. BP rose 4.2% after it reported a 148% rise in third-quarter replacement cost profit, at $10.03 bln, boosted by higher oil prices. Around Europe, Germany's DAX is higher by 6.8%, London's FTSE is up 2.3% and France's CAC is higher by 1.8%. (Reuters)