News by: Himanshu Singh
And German bank crisis deepens as 10,000 jobs face the axe while banks blame low demand for loans and ECB's monetary policy for woes.
Shares of big lenders fell amid growing concerns over the stability of Germany's biggest bank.
And oil price jumped after Opec agrees to cut production as Saudi Arabia and Iran appeared to set aside their differences.
The energy index had its best day since January, climbing 4.34%.
And Britain leaps into seventh place in competitiveness rankings as powerhouses Germany and Japan slip.
Consumer and technology stocks led gains amid perception Hillary Clinton beat Donald Trump in their first debate.
Deutsche Bank's US-listed shares plunged after a German magazine said Chancellor Angela Merkel has ruled out state assistance for the lender.
And Deutsche Bank shares slump to lowest level in a quarter of century as Merkel rules out state aid.
Investors' attention turned from central banks to American politics ahead of the first US presidential debate.
And Brexit vote 'will not dent economy this year' as UK growth forecasts back to pre-referendum levels.
And oil plumbs depths as Opec is still divided on its response to oil’s price slump.
And Mike Ashley took charge of Sports Direct after chief executive quit.
Nasdaq notched a record close after the Fed left interest rates unchanged calming concerns that central banks might taper efforts to stimulate global growth.
And transatlantic trade war is in the offing after Boeing claims victory following WTO ruling on Airbus's EU subsidies.
And Brexit not as bad as feared, says OECD as it performs u-turn on 2016 growth prediction.
Policymakers also projected a less aggressive rise in rates both next year and in 2018.
And GlaxoSmithKline kills the hopes of break-up with choice of its consumer healthcare division's head as new boss.
Investors awaited the results of Fed and Bank of Japan policy meetings that will conclude on Wednesday.
And banks can cope with loss of EU passports after Brexit, says Moody's.
Gains in big bank stocks offset a drag from Apple, ahead of this week’s meetings by the Fed and the Bank of Japan.