European, Asian markets bounce bank as governments act to shore up financial system

LONDON - European markets opened strongly Monday following Asia's lead in response to the widespread government efforts over the weekend to shore up the world's troubled financial system. Germany's DAX was 299.86 points, or 6.6 percent, higher at 4,844.17, while France's CAC-40 was up 228.02 points, or 7.2 percent, at 3,404,51. Britain's FTSE 100 was 221,01 points, or 5.6 percent, higher at 4,153.16. A rally late Friday on Wall Street, overnight gains in Asia and coordinated attempts by European and U.S. authorities to prop up the banking system brought a measure of relief to markets after investor panic sent world equities markets spiraling downward last week. "Putting an end to the run on...

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