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Currently FTSE 5,508 +41.65 +0.76%, CAC 3,234 +15.94 +0.50%, DAX 6,017 +49.47 +0.83%.
European stocks advanced after Group of 20 finance chiefs endorsed parts of a plan to halt the region’s debt crisis.
G-20 finance ministers and central bank governors concluded weekend talks in Paris endorsing parts of the emerging plan to avoid a Greek default, bolster banks and curb contagion. They set an Oct. 23 summit of European leaders in Brussels as the deadline for the euro area to deliver a deal.
BP Plc surged 4.8% after saying that Anadarko Petroleum Corp. will pay $4 billion to settle all claims for last year’s Gulf of Mexico oil spill.
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