AlQa'dah 10, 1434, Sep 16, 2013, SPA -- European stocks rose to five-year highs on Monday in a broad-based rally as news Lawrence Summers has pulled out of the race to lead the U.S. Federal Reserve bolstered expectations for easier monetary policy for longer, Reuters reported. The FTSEurofirst 300 was up 0.6 percent at 1,258.15 points by 0733 GMT, its highest level since mid-2008, while Germany's DAX, up 0.8 percent at 8,578.58, was trading at an all-time high. The euro zone's blue-chip Euro STOXX 50 , meanwhile, firmed 0.7 percent to 2,887.58.
