Economic Calendar

Monday, October 20, 2008

European stocks extend gains as US stocks rise

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LONDON, Oct 20 (Reuters) - European shares extended gains on Monday afternoon after U.S. stocks opened higher as Federal Reserve Chairman Ben Barnanke said another economic stimulus plan may be needed to revive lagging growth.

At 1417 GMT the FTSEurofirst 300 index was up 3.1 percent at 922.55, while the Dow Jones industrial average .DJI gained 1.9 percent at 9,019.63.

Energy stocks were the top-weighted gainers on the FTSEurofirst 300, with BP (BP.L: Quote, Profile, Research, Stock Buzz) soaring 8.4 percent and Total (TOTF.PA: Quote, Profile, Research, Stock Buzz) advancing 7.1 percent. (Reporting by Joanne Frearson)




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