European markets finished higher as U.S. stocks strengthened. In London, the Financial Times-Stock Exchange 100 index was up 2.20 points, or 0.04%, to 5,216 with the biggest gains coming from Vodafone, BP-Amoco and ScottishPower. In France, the CAC 40 added 31.58 points, or 0.71%, to 4,493.27. In Germany, the DAX Index gained 148.35 points, or 3.15%, to 4,856, amid short covering and better than expected results from carmaker BMW.
Asian markets closed lower. Qualcomm's poor results pressured tech shares in Japan while worries over the banking industry there also dragged stocks lower. The benchmark Nikkei average fell 3.28%, or 348.74 points to 10,284.98, its lowest close since Oct. 10. In Hong Kong, the Hang Seng lost 86.26 points, or 0.83%, to 10,269.79, amid worries about a global economic slowdown.