European shares close higher

Commodities stocks jump amid expectations that financial sector jitters may ease.

    Markets are buoyant over rate cut hopes [EPA]

    BP, Royal Dutch Shell, gas producer BG Group and Tullow Oil added between 2.5 and 9 per cent.

    Banking shares also moved higher. UniCredit jumped 19.2 per cent, Societe General advanced 11.2 per cent, BNP Paribas added 5.6 per cent, HBOS surged 10.1 per cent and Barclays was up 8.4 per cent.

    Across Europe, Britain's FTSE 100 rose 4.4 per cent, Germany's DAX gained 4.9 per cent and France's CAC rose 4.6 per cent.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The War in October: What Happened in 1973?

    The War in October: What Happened in 1973?

    Al Jazeera examines three weeks of war from which both Arabs and Israelis claimed to emerge victorious.