Markets & Finance

Europe Markets End Higher


European markets were higher Friday, helped by gains in U.S. equities on some favorable high-tech news. London's FTSE 100 index was up 40.5 points, or 1%, to 3,969.4, even though UK Manufacturing fell 0.4% in March, the largest slide in five months. In France, the CAC 40 index rose 28.72 points, or 0.98%, to 2,967.89.

In Germany, the DAX index gained 48.35 points, or 1.68%, to 2,934.43. The market had been restrained by news that German industrial output fell more than expected 1.1% in March. BMW shares rose after Morgan Stanley raised earnings estimates for the automaker.

Canada's benchmark S&P/TSX rose 29.26 points, or 0.44%, to 6,650.03.

Asian markets finished higher. In Japan, the Nikkei index gained 120.61 points, or 1.50%, to close at 8,152.16. The market was lifted partly because the U.S. dollar recovered against the yen from the previous day's level. Also, Prime Minister Koizumi announced that he would hold a meeting with economic-policy-related ministers sometime next week.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus