Closing stock market indices

Major stock markets outside the United States ended on Monday.
EUROPE STOCKS EXCHANGE: European stocks rose as a sharp rally in the mining and industrial sectors helped the market continue Friday's recovery in the wake of the surprise discount rate cut by the US Federal Reserve.
But renewed concerns over the fallout in the US subprime market kept investors on edge and limited the gains. Among the biggest gainers BHP Billiton surged 4.2 percent, Arcelor Mittal rose 3.4 percent and ABB gained 2.3 percent.
FRANKFURT STOCKS EXCHANGE: The DAX index ended at 7,407.53 points, up 29.24 or 0.40 percent.
PARIS STOCKS EXCHANGE: The CAC-40 index closed at 5,399.38 points, up 35.75 or 0.67 percent.
ZURICH STOCKS EXCHANGE: The Swiss market index closed at 8,594.33 points, up 51.3 or 0.60 percent.
MILAN STOCKS EXCHANGE: The All Share Mibtel index closed at 30,185 points, up 203 or 0.68 percent.
SYDNEY STOCKS EXCHANGE: Australian shares rose 4.6 percent in their biggest one-day percentage jump in nearly a decade, led by a rally in financial firms as the US Federal Reserve's move to cut its discount rate helped soothe fears of a credit crunch. The S&P/ASX 200 index rose 261.6 points to 5,932.6, its biggest one-day percentage jump since October 29, 1997. It recouped all of its losses posted last week.
JOHANNESBURG STOCKS EXCHANGE: South African blue chips closed stronger, with resource and telecom stocks driving the market but global credit concerns are expected to linger in the week ahead. The All-share index closed at 26,640.18 points, up 655.33 or 2.52 percent. The All Gold index closed at 2,219.97 points, up 16.81 or 0.76 percent, while the Industrial index closed at 18,980.86 points, up 436.2 or 2.35 percent.
MANILA STOCKS EXCHANGE: Philippines financial markets were closed on Monday for a public holiday. Trading will resume on Tuesday.