Markets & Finance

Europe Stocks End Higher

European bourses ended higher on Tuesday. London's Financial Times-Stock Exchange 100 index gained 19.9 points, or 0.46%, to 4,379.7, as the U.K. trade deficit eased to 4.4 billion pounds in October, down from 4.7 billion in September, thanks to increased exports of aircraft, and precious stones. The pound sterling is at an 11-year high vs. the dollar, on speculation that the U.S. Federal Reserve will leave interest rates at a 45-year low.

In Paris, the CAC 40 index finished up 21.21 points, or 0.62%, to 3,456.12. Gains in shares of EADS and Trigano paced the index's move higher.

Germany's DAX index, which lost 44 points on Monday, added 39.64 points, or 1.04%, to 3,846.18, as the German ZEW survey for December showed that investor confidence rose to a three-and-a-half year high to 73.4, up from 67.2 in November. Infineon Technologies, aided by Texas Instruments' upbeat sales outlook, is trading higher.

Asian stock markets posted gains Tuesday. Japan's Nikkei 225 index added 78.94 points, or 0.79%, to 10,124.28. In Hong Kong, the Hang Seng index moved 216.20 points higher, or 1.78%, to finish at 12,393.64.

Canada's benchmark S&P/TSX fell 14.83 points, or 0.19%, to 7,975.94.

The Aging of Abercrombie & Fitch
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