The Dow Jones Industrial Average has rebounded 7 percent, up 600 points, on unprecedented moves by world leaders to shore up international financial markets.
Last week shares were down 18 percent on the New York Stock Exchange. In Frankfurt, the German Dax index gained more than 11 percent in afternoon trading to breach the psychological 5,000 point mark. Other European stock indices were trading higher on Monday with the FTSE in London closing up 8 percent. Meanwhile, Russia's two stock exchanges closed down more than 4 percent despite a Kremlin announcement that President Medvedev had approved a 110 billion euro rescue plan to prop up Russia's troubled financial markets.
(Deutsche Welle)
more info >>
<< Back