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European mkts surge nearly 3%

Published on Tue, Mar 25 at 14:28 , Updated at Tue, Mar 25 at 14:31
Source : moneycontrol.com

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European markets were trading higher with more than three percent gain, witnessing huge buying interest. Banking stocks have surged after JP Morgan raised Bear Stearns' offer price from USD 2/share to USD 10/share.

FTSE rose 177.60 points or 3.13% at 5,672.80, CAC 40 was up 149.01 points or 3.18% at 4,682.73 and DAX gained 191.30 points or 2.94% at 6,511.29.

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