Markets & Finance

Europe Stocks End Higher


European stock markets finished higher. London's FTSE 100 index was up 15.3 points, or 0.34%, to 4,453.6 following reports that British factory orders rose at the fastest pace in 6 years in May, while consumer confidence was unchanged on the month, and May house prices rose at the fastest pace in 12 months.

Germany's DAX index rose 45.81 points, or 1.18%, to 3,913.33 as energy futures fall sharply following inventory reports. In Paris, the CAC 40 index gained 19.45 points, or 0.53%, to 3,679.37 even though French business confidence fell from a 3-year high.

Asian markets finished higher. In Japan, the Nikkei index rose 13.94 points, or 0.13%, to 11,166.03 helped by rises in techs and telecoms. But gains were limited as investors took a breather as Japan's corporate earnings season draws to an end.

In Hong Kong, the Hang Seng index jumped 291.34 points, or 2.49%, to 11,983.9 after the winning prices at a public land auction -- Hong Kong's first since land sales were resumed under the application list system this year -- exceeded all expectations, reports Standard & Poor's MarketScope.

Canada's benchmark S&P/TSX rose 24.62 points, or 0.30%, to 8,343.60.


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