LONDON - Britain's top share index closed at its highest level in a week, led by banks, after Abu Dhabi bailed out Dubai with $10 billion in surprise aid, with commodities stocks also notching up solid gains. The FTSE 100 closed up 53.77 points at 5,315.34, its highest close since December 4, adding to a rise the previous session when it ended up 17.20 points, or 0.3 percent.

@MARKET ROUNDUP:EUROFIRST

EUROPE - Abu Dhabi's move to provide $10 billion in aid to Dubai World lifted financial shares and pushed European stocks to a third straight session of gains. The FTSEurofirst 300 index of top European shares ended 0.8 percent higher at 1,018.29 points, the highest close since December 7.

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FRANKFURT - The DAX index ended at 5,802.26 points, up 45.97 or 0.8 percent.

PARIS - The CAC-40 index closed 3,830.44 points, up 26.72 or 0.7 percent.

ZURICH - The Swiss market index closed at 6,433.09 points, up 21.51 or 0.34 percent.

MILAN - The FT IT All Share index closed at 23,057.59 points, up 232.87 or 1.02 percent.

@MARKET ROUNDUP:nikkei

TOKYO - Japan's Nikkei average trimmed earlier losses and ended flat after Dubai said it had received $10 billion from fellow UAE member Abu Dhabi, easing fears of a potential debt default that had rattled global markets. The Nikkei edged down 2.19 points to 10,105.68, after earlier falling as low as 10,009.6.

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HONG KONG - Hong Kong's main stock index reversed earlier losses, after Dubai said it had received $10 billion from fellow United Arab Emirates member Abu Dhabi, soothing investor worries about the economic outlook. The benchmark Hang Seng Index was up 0.84 percent or 183.64 points at 22,085.75, after falling as much as 1.6 percent in early trade.

@MARKET ROUNDUP:asx

SYDNEY - Shares nudged up 0.41 percent as firmer resource companies and retail stocks offset some profit-taking in the financial sector. The S&P/ASX index ended up 18.8 points at 4,654, after hovering either side of unchanged. The index lost 1.4 percent last week.

@MARKET ROUNDUP:south africa

JOHANNESBURG - Blue-chip stocks ended up after a quiet session yesterday, lifted by platinum stocks and news of a bailout for debt-ridden Dubai which lifted risk appetite, also boosting the rand currency against the dollar. The All-share index closed at 27,240.75 points, up 131.86 or 0.49 percent. The All Gold index closed at 2,506.92 points, down 16.12 or 0.64 percent, while the Industrial index closed at 21,293.46 points, up 45.38 or 0.21 percent.