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http://www.businessweek.com/stories/2003-08-17/europe-markets-end-higher

Markets & Finance

Europe Markets End Higher


European markets finished higher on Monday. In London, the Financial Times-Stock Exchange 100 index closed up 24.8 points, or 0.58%, at 4,272.10. BP-Amoco, Vodafone, and GlaxoSmithKline contributed to the advance, with the latter gaining after a wire-service report that Bayer and GlaxoSmithKline may gain U.S. approval to sell Levitra, a pill that could rival Pfizer's Viagra, and which the companies believe will generate $1.1 billion in annual revenue.

In Paris, the CAC 40 ended up 0.67% at 3,301.08. Germany's DAX index finished higher by 1.84%, or 63.30 points, at 3,507.23. The biggest contributors to the advance on the DAX included Allianz, Siemens, Munich RE, and Bayer.

Asian markets finished higher on Monday. Japan's Nikkei 225 index pushed ahead 1.72%, over the 10,000 mark to finish at 10,424.6, the highest close in about a year. Major bank stocks finished higher, such as Mizuho FG, which gained 6.36%; and Sumitomo Mitsui FG, which added 6.52%.

In Hong Kong, the Hang Seng index rose 100 points, or 0.96%, to close at 10,525.04

Canada's benchmark S&P/TSX rose 20.78 points, or 0.28%, to 7,411.33.


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