NEW YORK - US stocks have surged a day before the Federal Reserve begins meeting to review monetary policy, and expectations mounted that it will make no sharp changes to its economic stimulus. At the close of trade, the Dow Jones Industrial Average was up 109.90 points (0.73 per cent) at 15,180.08. The broad-based S&P 500 advanced 12.34 (0.76 per cent) to 1,639.07, while the tech-rich Nasdaq Composite jumped 28.57 (0.83 per cent) to 3,452.13. LONDON - European stock markets rose solidly as traders looked ahead to a key US Federal Reserve meeting due mid-week while keeping an eye over the G8 summit in Northern Ireland. London's FTSE 100 index of leading shares climbed 0.35 per cent to end at 6,330.49 points, Frankfurt's DAX 30 index jumped 1.08 per cent to 8,215.73 points, and in Paris the CAC 40 soared 1.54 per cent to finish at 3,863.66 points. Madrid's IBEX 35 index gained 0.81 per cent and Milan rose 0.26 per cent. The euro dipped to $US1.3336 from $US1.3340 late in New York on Friday. HONG KONG - Asian markets were mixed on Monday even as a weak batch of US economic data provided hope the Federal Reserve would put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week. Traders were upbeat despite a soft lead from Wall Street while the dollar edged up after suffering a sell-off on Friday in New York. Tokyo jumped 2.73 per cent, or 346.60 points to 13,033.12, climbing for a second successive session after plunging more than six per cent on Thursday. In the afternoon Hong Kong gained 1.23 per cent while Shanghai was down 0.30 per cent. WELLINGTON - The NZX 50 rose 26.656 points, or 0.6 per cent, to 4447.637.