techs, as well as U.S. economic reports supporting expectations for further rate cuts. The TSE 300 Index rose 135.40 to 8879.40 on strength in Industrial Products, led by an 8% gain in Nortel. Upside was restrained by losses in Oil & Gas after OPEC announced a 1.5 million b/d production cut, in line with expectations. Utilities also fell as the California power crisis worsens.
European markets finished higher. The London Financial Times-Stock Exchange 100 index climbed 114.10 points, or 1.88%, at 6,197.40. In Germany, the DAX Index gained 150.49 points, or 2.31%, at 6,653.38. Meanwhile, France's CAC 40 was up 122.42 points, or 2.12%, at 5,884.09.
The Asian markets finished mixed. Japan's Nikkei ended up 83.18 points, up 0.61%, at 13,667.63. Hong Kong's Hang Seng Index finished down 101.67 points, or 0.66%, at 15,261.48.