European shares were called to open higher on Monday after euro zone finance ministers agreed to lend Spain up to 100 billion euros ($125 billion) to shore up its crippled banking system on Saturday.
The FTSE was called to open 99 points higher at 5534, the DAX was seen opening 159 points higher at 6290 and the CAC 40 was expected to open 60 points higher at 3112.
In Asia, stocks, commodities and the euro jumped on Monday on news of the deal, relieving markets that had feared for the country's fiscal collapse.
The eurorose nearly 1 percent to $1.26694 on Monday, its highest level since May 23.
The Australian dollar, closely linked to risk appetite, gained as much as 0.9 percent to $1.0005 its highest rate since May 15.
Brent and U.S. light sweet crude futures both rose more than $2, and London copper futures pushed more than 2 percent higher to $7,455 a ton.
Spain said it wanted aid for its banks but would not specify the precise amount until two independent consultancies—Oliver Wyman and Roland Berger—deliver their assessment of the banking sector's capital needs some time before June 21.
The loan comes on the condition that Spain meets its fiscal targets, and failure to do so would result in the suspension of European Union funds, Spanish newspaper El Pais reported.Page 1 of 5 | Next Page