ARTICLES MODERN

Bank shares led the stock market higher Monday in Europe and Asia, the EU leaders announced plans to inject new capital into the troubled financial institutions and guarantee the inter-bank lending, and the Central Bank announced new measures designed to restart the frozen credit market.
In afternoon trading, the FTSE 100 index in London rose 4.86 percent and the CAC - 40 Index increased 6.1 percent in Paris. In Frankfurt DAX index rose 6.9 percent.
Exchange Standard & Poor’s 500 stock index futures, stock recommendations of Wall Street will be opening up to six per cent. Is the bond market Monday for Columbus Day holiday and rest day.
Deutsche Bank increased by nearly 25 percent in Frankfurt, and BNP Paribas of France and other major banks rose more than six per cent.

Royal Bank of Scotland, which is to raise billions of pounds of new equity and the British Government’s support, or more than five per cent.

In Hong Kong, the Hang Seng Index rebounded 9.6 percent higher. The benchmark S & P / ASX 200 index in Sydney closed up 5.6 percent. Tokyo market, which dropped by about a quarter of its value last week, Monday for a national holiday.

In Moscow trading, the MICEX Stock Exchange index rose 4.5 percent.

“We are very careful,” Philippe Gijsels, senior securities analyst at Fortis Global Markets in Brussels said. “It looks like the beginning of a typical bear market bounce.” Measures, he said that the Group of 7 countries announced over the weekend to help the banking stocks, but the market is due after the meeting, the major indexes posted their worst decline in the number of Last week.

“To fix the market will take some time,” he said. “The question now is the financial problem has become a real economic problems. This damage has been done.”

“G-7 in response to the crisis of confidence,” David Thébault, responsible for derivatives sales in global stocks in Paris said that the relatively new measures, “the application of a defibrillator in patients with heart disease.” “We can see the end of the year The financial crisis, but the price of the economic crisis, “he added. “But it has a better economic crisis, rather than a threat to the whole system.”

Meeting in Paris late Sunday, the European financial officials and political leaders agreed late Sunday on a program to invest billions of euros of the bank in order to restore confidence in the faltering financial system.

Clues to their rescue from a plan announced last week, the United Kingdom, the European countries led by Germany and France promised to take stake in Bank of sorrow and vowed to guarantee bank loans for a period of up to five years. France and Germany are planning to launch the national rescue package worth billions of euros Monday officials said.

The Federal Reserve said Monday in Washington that it would cause circuit-switched and the Bank of England and European Central Bank and Swiss National Bank “in order to adapt to any number of dollars funding requirements.”

Bank of Japan said it would consider introducing a similar measure.

In the stock market up one day in Sydney, Australia and New Zealand Government has joined the scramble to calm the market, they will guarantee all bank deposits and a number of inter-bank lending.

In addition, the Composite Index rose 3.8 percent in South Korea, the Straits Times index in Singapore rose 4.2 percent. In Hong Kong, Financial Secretary John Tsang warned that the increase in the risk of economic recession, as in the 2009 global financial crisis, as well as PCCW, the leading telecommunications company, canceled plans Sunday to sell part of its Hong Kong Telecom unit On the grounds that the market turmoil. The company’s stock fell nearly nine per cent to its lowest level since 1999.

Dollar down against other major currencies. The euro against 1.3637 U.S. dollars from 1.3408 U.S. dollars in New York last Friday, while the pound against the U.S. dollar rose to 1.7151 U.S. dollars from 1.7 hundred and 42 U.S. dollars. U.S. dollar 100.58 yen from 100.68 down to 1.1345 Swiss francs from 1.1388.

U.S. crude for November delivery rose 3.96 U.S. dollars, or 3.1 percent to 80.78 U.S. dollars a barrel.