Financial stocks have led a rally on European markets this Monday. Analysts say this is due to the US government's decision to take control of the embattled mortgage giants Fannie Mae and Freddie Mac.
In London, the FTSE 100 index surged close to four per cent in the first hour of trading and then levelled off. In Frankfurt, the DAX clawed back much of last week's losses, which were the worst this year. It was up 3.4 per cent by mid-afternoon. In Paris, the CAC 40 was up 4.7 per cent. Fannie Mae and Freddie Mac own or guarantee nearly half of the US home loan market More charges over Shaquille death ...
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(Deutsche Welle)
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