European markets finished higher Monday on economic rebound hopes. In London, the Financial Times-Stock Exchange 100 added 53.3 points, or 1.33%, to 4,074.8, as investors shrugged off a report that U.K. manufacturing production slowed in May. In Germany, the DAX Index gained 93.26 points, or 2.88%, to 3,332.87. In France, the CAC 40 was higher by 109.79 points, or 3.57%, to 3,182.19.
In Asia, major stock indexes ended with strong gains. Japan's Nikkei index finished up 247.43 points, or 2.59%, to 9,795.16, hitting a 10-month high during the session. Rumors surfaced that Japanese institutional investors decided to buy stocks to play catch up with the latest market rally, reports S&P MarketScope. Meanwhile, Hong Kong's Hang Seng index rose 255.59 points, or 2.65%, to 9,892.4.
Canada's benchmark S&P/TSX soared 66.55 points, or 0.95%, to 7,068.43.