Euro markets rise on Spanish bailout

The FTSE 100 rose 1.6% to 5,521 at the start of the session, while the French Cac 40 was more than 2% higher, and the German Dax was up 2.2% to 6,266. The Euro Stoxx climbed 2.42% to 2,195. Shares of Santander surged 9.3% to €5.30 and BBVA gained 8.5% to €5.59 in Madrid after Spain's bailout request. News of the rescue deal lifted Asian markets overnight, with the Nikkei up almost 2% and the Hang Seng up 2.23%. The euro strengthened almost 1% against the dollar before falling back as markets digested the news of the rescue package. In the bond markets, the yield on Spanish 10-ye...