European stocks close:
FTSE 100 5,294 +204.68 +4.02%, CAC 40 3,023 +164.04 +5.74%, DAX 5,628 +282.88 +5.29%
European stocks climbed the most in 16 months amid speculation policy makers will increase efforts to contain the region’s sovereign-debt crisis.
Rio Tinto Group led a rally in raw-material shares, surging 7.8 percent, as metal prices rose. BNP Paribas (BNP) SA and Societe Generale (GLE) SA, France’s biggest banks, soared more than 14 percent. MAN SE (MAN) rose the most in two years as European Union regulators cleared Volkswagen AG (VOW)’s takeover of the truckmaker.