Financial Times FT.com

Stocks surge after US boost to Citigroup

By Rachel Morarjee

Published: November 24 2008 10:30 | Last updated: November 24 2008 20:30

European stocks charged forward on Monday after a rescue plan for Citigroup over the weekend gave a shot in the arm to ailing financial stocks.

“It won’t be a straight line upward but we will see a bear-market rally between now and Christmas,” said Philippe Gijsels, senior equities strategist at Fortis Global Markets.

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