Stocks rose Monday in Europe and Asia as investors awaited the details of the Obama administration’s plan to rescue American banks.

On Monday, Treasury Secretary Timothy F. Geithner will announce the details of the administration’s plan to purchase troubled assets and remove them from the balance sheets, which is aimed at spurring banks to lend more money to consumers and companies.

In early European trading, the Dow Jones Euro Stoxx 50 index, a barometer of euro zone blue chips, rose 1.9 percent, while the FTSE 100 index in London was up 1.5 percent. The CAC 40 in Paris gained 1.2 percent, and the DAX in Frankfurt rose 1.8 percent.In Tokyo, the benchmark Nikkei 225 stock average closed up 3.4 percent, while the S&P/ASX 200 in Sydney rose 2.4 percent. The Hang Seng index in Hong Kong gained 4.8 percent, and the Shanghai Stock Exchange composite index rose 2 percent....

... David Thébault, head of quantitative sales trading at Global Equities in Paris, cautioned that the momentum in the markets could be short-lived. “Each time Timothy Geithner comes up with a plan to save the banks, the markets rise in anticipation,” he said. “But when the actual details come out, the markets have fallen.”

http://www.nytimes.com/2009/03/24/business/24markets.html?_r=1&hp=&pagewanted=print