Markets & Finance

Europe Stocks Soar at Close


European markets were higher Tuesday. London's FTSE 100 index rose 53.8 points, or 1.36%, to 4,006.4. In France, the CAC 40 index gained 61.34 points, or 2%, to 3,057.76.

In Germany, the DAX index was up 34 points, or 1.1%, to 3,047. The market was restrained a bit by a BDA Federation report saying German unemployment rose to the highest level since 1998 in April. Some investors are hopeful that the European Central Bank will ease credit at Thursday's policy meeting.

Asian markets finished mixed. In Japan, the Nikkei index rose 176.37 points, or 2.23%, to 8,083.56. Sentiment was lifted by expectation for new stock supporting measures to be officially announced by the country's ruling parties later on Tuesday. Hong Kong's benchmark Hang Seng index fell 27.27 points, or 0.31%, to 8,889.22.

Canada's benchmark S&P/TSX advanced 34.04 points, or 0.51%, to 6,693.71.


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