European and Asian stocks rose Monday after finance officials from 20 rich and developing countries pledged to keep in place their massive stimulus programs to prop up the global economy. Germany's DAX rose 79.23 points, or 1.5 percent, to 5,463.66, while Britain's FTSE 100 gained 76.52 points, or 1.6 percent, to 4,928.22. France's CAC-40 added 50.46 points, or 1.4 percent, to 3,649.22. The Bombay Stock Exchange's Sensitive Index, or Sensex, rose 327.20, or 2.1 percent, to 16,016.32, the highest since June 2, 2008. The S&P CNX Nifty Index on the National Stock Exchange added 2.2 percent to 4,782.90 and the BSE 200 Index gained 2.3 percent to 1,974.59, both at 15-month highs. Japan's Nikkei 225 stock average added 133.83 points, or 1.3 percent, to 10,320.94, snapping a three-day losing streak, and the dollar strengthened against the yen. In Hong Kong, the Hang Seng was up 1.5 percent at 20,629.31. Shanghai's main benchmark gained 0.7 percent to 2,881.12. Australia's index edged up 0.4 percent, Taiwan's market was 1 percent higher and Indonesia's benchmark rose 0.4 percent. Markets in Korea and Singapore were little changed. Investors reacted positively to the weekend announcements from finance officials at the G20 summit in London, which acknowledged some improvements in economic growth but warned recovery was not sustainable without continued help from governments in the form of deficit spending, low interest rates and more money supply. Oil prices were up modestly in Asian trade, with benchmark crude for October delivery up 40 cents at $68.42, as investors looked to this week's OPEC meeting for a possible change in production. The contract Friday rose 6 cents to settle at $68.02. The dollar strengthened to 93.21 yen from 92.95 yen. The euro rose to $1.4351 from $1.4309.
