November 19, 2012 / 3:55 PM / 5 years ago

European equities extend gains as Wall Street rises

LONDON, Nov 19 (Reuters) - The pan-European FTSEurofirst stocks index extended gains to 2 percent on Monday, getting a fresh boost from a strong rise on Wall Street and stronger than expected U.S. housing data.

By 1545 GMT, the index was up 2 percent at 1,089.20 , building a rally sparked by signs of progress over the weekend in U.S. negotiatons to avoid a debt crisis.

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