European stock markets closed massively higher Monday, with investors buoyed by the bold rescue of Citigroup and the announcement of U.S. President-elect Barack Obama's new economic leadership team.
A fiscal stimulus plan in Britain also boosted sentiment.
The FTSE 100 index of leading British shares ended the day up 9.8 percent at 4,152.96, while Germany's DAX surged 10.3 percent to 4,554.33. The CAC-40 in France closed up 10.1 percent at 3,172.11.
In the United States, the Dow Jones industrial average was up 4.2 percent at 8,383.89.
Investors cheered the U.S. government's plan to take a $20 billion stake in Citigroup and guarantee …
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