Markets & Finance

Europe Markets Finish Higher

European markets finished higher. In London, the Financial Times-Stock Exchange 100 index rose 79.50 points, or 1.99%, to 4,071.90. In Germany, the DAX Index added 45.94 points, or 1.60%, to 2,919.54, amid speculation the European Central Bank will cut rates at next week's policy meeting. In France, the CAC 40 gained 58.14 points, or 2.01%, to 2,949.61.

In Asia, markets ended higher. Japan's Nikkei index gained 113.94 points, or 1.4%, to 8,234.18. High-tech companies and exporters rose, but bank stocks lacked a clear direction. Prime Minister Koizumi said that President Bush told him U.S. was supporting a strong U.S. dollar.

In Hong Kong, the Hang Seng index rose 89.81 points, or 0.95%, to 9,510.62.

Canada's benchmark S&P/TSX skipped 4.03 points, or 0.06%, to 6,836.21.

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