Global stocks up as oil price rebounds

Global stocks were mostly higher Monday after a report that China will change banking rules in an apparent effort to boost lending and economic growth, while oil prices rebounded, AP reported.
France's CAC-40 gained 0.2 percent to 4,304.35, while Germany's DAX declined 0.3 percent to 9,891.62.
Shanghai Composite Index added 0.3 percent to 3,168.02. India's Sensex rose 0.7 percent to 27,439.68. Sydney, Singapore and Manila also rose. South Korea's Kospi was off 1 percent at 1,927.86.
China's official Xinhua News Agency reported Sunday that regulators will change accounting rules for bank deposits to free up more money for lending.
Russia's currency fell 4 percent on Friday, breaking a five-day rally. Russian monetary officials have made stabilizing the currency a priority amid slumping oil revenues and unease about the country's economic outlook.
Benchmark U.S. crude rose 54 cents to $55.27 per barrel in electronic trading on the New York Mercantile Exchange. On Friday, the contract plunged $1.11 to settle at $54.73. Brent crude, used to price international oils, added 51 cents to $59.96.
The dollar rose to 120.49 yen from Friday's 120.35. The euro edged down to $1.21 from Friday's $1.22.