WSJ: GLOBAL MARKETS: European Stocks Sharply Higher; FOMC Key
LONDON (Dow Jones)--European stock markets moved sharply higher Monday, with market participants showing willingness to build positions ahead of Tuesday's U.S. Federal Reserve meeting amid growing speculation Friday's weaker-than-expected employment report could prompt additional easing measures to stimulate the economy.
By 0745 GMT, the Stoxx Europe 600 index was 1.2% higher at 261.92. London's FTSE 100 index advanced 1.4% at 5411.09, Frankfurt's DAX index gained 1.2% to 6338.23, and Paris's CAC-40 index rose 1.5% to 3774.49.
Gains were largely driven by market participants hoping the U.S. Fed will have to engage in further asset purchasing programs to prop up the ...
