Markets & Finance

Markets in Europe and Asia Rise


European stock markets ended higher Friday. London's Financial Times-Stock Exchange 100 index gained 64.9 points, or 1.54%, to 4,274. Signs of strength in the U.S labor market bolstered hopes that world economic conditions would be improving.

In Paris, the CAC 40 was up 103.42 points, or 3.24%, to 3,296.36. Germany's DAX index jumped 142.36 points, or 4.34%, to 3,419. The good news on the U.S labor market and an early morning European report that services industries, like airlines and financials, enjoyed a third straight month of expansion helped spark gains.

Asian markets finished higher Wednesday. In Japan, the Nikkei 225 index gained 115.76 points, or 1.09%, to 10,709.29. The market was rather sluggish in the morning, being weighed by profit taking before the U.S. employment report tonight. However, the market rebounded gradually in the afternoon, led by some blue chips and cyclical stocks.

In Hong Kong, the Hang Seng index rose 62.60 points, or 0.54%, to 11,608.72.


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