Markets & Finance

Europe Stocks End Higher


European stock markets ended higher. London's Financial Times-Stock Exchange 100 index gained 21.6 points, or 0.51%, to 4,272.9. The Bank of England's Nickell says Britain's economic recovery justifies a rate hike, but he says the central bank must be careful in taking that step.

In Paris, the CAC 40 was up 45.56 points, or 1.38%, to 3,352.15. Germany's DAX index rose 69.83 points, or 2%, to 3,586.93 as German IFO reading of 94.2 was stronger than expected. This followed a stronger than expected rise last month, although in September this was due entirely to a higher expectations component.

Asian markets finished higher Tuesday. In Japan, the Nikkei 225 index gained 106.89 points, or 1.02%, to close at 10,561.01, led by surges in bank stocks following an optimistic outlook for UFJ Holdings and overnight gains on Wall Street.

In Hong Kong, the Hang Seng index surged 342.16 points, or 2.91%, to close at 12,091.81.

Canada's benchmark S&P/TSX rose 54.98 points, or 0.72%, to 7,719.17.


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