Markets & Finance

Europe Markets Rally on U.S. Gains


Despite economic uncertainties that pressured them earlier, European markets finished higher as Wall Street rallied. In London, the FTSE 100 index ended higher by 31.50 points, or 0.63%, to 5,071.20, as Britain's October retail sales grew at the slowest pace of the year and house prices fell for the first time in nine months. The Paris CAC 40 index added 25.65 points, or 0.59%, to 4,366.94. In Germany, the DAX index ended higher by 77.00 points, or 1.69%, to 4,636.13. European treasuries are seeing some interest as European investors flee U.S. markets for better yielding fixed-income investments.

In Asia, markets finished mixed. Japan's Nikkei dropped 19.06 points or 0.18%, to 10,347.28 as a drop in bank shares ate into gains. A report from Standard & Poor's said Japanese banks face high interest-rate risks. In Hong Kong, the Hang Seng index jumped 84.88 points, or 0.84%, to 10,158.85.

Canada's benchmark TSE 300 rose 98.90 points to 6984.70. The Canadian employment data and the U.S. payrolls release Friday will help shape expectations going forward.


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