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Dubai Bail-out Lifts Stocks

News that Abu Dhabi had pledged $10 billion to help Dubai pay its debts, helped lift stock markets in Europe and Aisa on Monday. In Europe, the FTSE 100 index of leading British shares was up 50.05 points, or 1 percent, at 5,311.62 while Germany’s DAX rose 53.93 points, or 1 percent, to 5,811.97. The CAC-40 in France was 21.02 points, or 0.6 percent, higher at 3,824.74.

The advance is expected to continue when Wall Street opens — Dow futures were up 46 points, or 0.4 percent, at 10,469 while the broader Standard & Poor’s 500 futures rose 6.1 points, or 0.6 percent, at 1,109.30.

Associated Press [1]

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Scott Boyd

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