European stocks close:
FTSE 100 5,089 +22.56 +0.45%, CAC 40 2,859 +49.23 +1.75%, DAX 5,346 +149.00 +2.87%
European stocks rose for a second day as foreign governments and central banks urged policy makers in Europe to intensify efforts to contain the region’s debt crisis following meetings with the International Monetary Fund.
Allianz SE and Axa SA, Europe’s biggest insurers, jumped the most in more than a year. Deutsche Bank AG led lenders higher amid speculation the European Central Bank may cut interest rates and as executives called for a U.S.-style Troubled Asset Relief Program in Europe. Fresnillo Plc tumbled 6.9 percent as silver had the biggest three-day drop since 1980.