Global markets rose Monday after the U.S. government proposed a US$700 billion plan to solve the world financial crisis by rescuing banks from billions of dollars in risky mortgage debt.
European markets edged higher in early trading, then slumped slightly before rising again. Britain's FTSE 100 gained 0.22 percent to 5,323.17, Germany's DAX advanced 0.42 percent to 6,215.70 and France's CAC 40 strengthened 0.27 percent to 4,336.47.
"There was massive reaction on Friday, today there is an element of profit-taking and a bit of reality of people worrying about the world economy as we see the price of oil move higher again," said Stephen Pope, chief …
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