Monday December 8, 05:26 PM
European markets post huge gains at close
LONDON (AFP) - European stock markets posted huge gains at close of trade Monday, with London up 6.19 percent, on prospects for fresh government action against the financial crisis.
The London FTSE index of leading shares added nearly 251 points to end the day at 4,300.06, while in Paris the CAC 40 (Paris: news) added 8.68 percent to reach 3,247.48.
In Frankfurt the Dax (Xetra: news) shot up 7.63 percent to 4,715.88.
There were similar or larger advances in Madrid, Milan, Moscow and in Scandinavia, as investors took heart from news that US President-elect Barack Obama planned the largest public works programme in more than half a century in order to jump-start the US economy.
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