Markets & Finance

Europe Stocks End Higher


European stock markets ended higher on Monday. London's Financial Times-Stock Exchange 100 index added 6.7 points, or 0.15%, to 4,553.8 as traders paused to reflect on potential economic growth following America's weaker than expected jobs report Friday.

Germany's DAX index gained 19.85 points, or 0.48%, to 4,145.99 as the IWH Institute sees German growth picking up next year.

In Paris, the CAC 40 advanced 20.27 points, or 0.54%, to 3,781.38. Suez, Havas, and Television Francaise were higher.

In Asia, markets finished mixed overnight. Tokyo's Nikkei 225 index lost 34.43 points, or 0.3%, to 11,502.86 as Bank of Japan Governor Toshihiko Fukui on Sunday said that the risk of deflation has not ended in Japan's improving economy and that the bank would maintain its ultra-easy monetary policy. The cosmetics sector was in focus after Kanebo, Japan's second-biggest cosmetics maker, said will write down some of its shareholders' capital as part of a proposed state-funded rescue of the company, NHK reported. The company declined to comment on the report.

In Hong Kong, the Hang Seng index gained 118.78 points, or 0.88%, to 13,773.54.

Canada's benchmark S&P/TSX fel 43.83 points, or 0.50%, to 8,801.21.


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