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LONDON — Stock markets around the globe soared Monday on hopes that government rescue efforts will shore up the world’s battered financial system. The rally began in Asia, spread to Europe and then caught fire when Wall Street rocketed higher, pulling up Latin American shares in its wake.
In Europe on Monday, Germany’s DAX ended up 518.14 points, or 11.4 percent, at 5,062.45, while France’s CAC-40 finished 355.01 points, or 11.2 percent, higher at 3,531.50.
Britain’s FTSE 100 gained 324.84 points, or 8.3 percent, to 4,256.90, despite some hefty falls in the banks that have accepted government help.
