Markets surge on G20 $1 trillion recovery package

Equity markets in Europe and the United States soared on Wednesday on news that global leaders had pledged an extra $1 trillion to spur an economic recovery.

The leaders agreed to raise the value of the International Monetary Fund's (IMF) crisis-fighting resources to $750 billion, a $250 billion boost to world trade and at least $100 billion of additional lending to multilateral development banks. The leaders also said funds from agreed IMF gold sales would be used for concessional finance