US stocks rise as G20 shows unity over eurozone crisis
US stocks have made gains this afternoon as the G20 talks in Mexico continue.
The day's debates have been tense, with the eurozone debt crisis dominating discussions, but the world leaders have shown they are still united in spite of differing opinions regarding possible solutions.
On the second and last days of the summit the G20 is expected to release an official statement declaring agreement over efforts to boost growth and create jobs in the beleaguered 17-nation bloc.
G20 leaders have urged Europe to take action to overcome the debt crisis engulfing the region.
Furthermore, the emerging powers of Brazil Russia, India, China and South Africa have pledged to contribute $10 billion (£6.4 billion) to the International Monetary Fund each in exchange for voting reforms that would give them greater influence.
At 16:25 BST, the Dow Jones was up 0.8 per cent to an index value of 12854.7 points and the Nasdaq advanced 1.1 per cent to 2927.8 points.
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