
US stocks rose sharply overnight after Germany and France pledged over the weekend to lan to tackle eurozone debt crisis and support European banks.
The Dow Jones Industrial Average surged 330.06 points, or 2.97 per cent to close at 11,433.18.
The S&P 500 gained 39.43 points, or 3.41 per cent at 1,194.89, while the Nasdaq composite rose 86.70 points, 3.50 per cent at 2,566.05.