Markets & Finance

Europe Stocks Rise


European stock markets finished higher on Thursday. London's FTSE 100 index was up 13.8 points, or 0.26%, to 5,259.7.

Germany's DAX index rose 19.38 points, or 0.41%, to 4,699.27. Among stocks on the move, Infineon was higher in reaction to U.S.-based AMD's reporting higher earnings. Sixt rose after the company raised its forecast for 2005 pretax profit after strong revenue and earnings growth in the first half. Arques was up on a higher earnings report.

In Paris, the CAC 40 index gained 27.26 points, or 0.63%, to 4,370.88. STMicroelectronics rose in reaction to AMD's surprisingly strong earnings. Xilam Animation was higher after reporting higher third-quarter revenues.

Asian markets finished higher on Thursday as better-than-expected June-quarter earnings from U.S. bellwethers Apple and AMD boosted sentiment for the global technology sector, reports Standard & Poor's MarketScope.

In Japan, the Nikkei index rose 104.42 points, or 0.9%, to 11,764.26. Adding to the positive tone in the region, Bank of Japan Governor Toshihiko Fukui said the country is coming out of its economic lull. Large-cap tech plays such as Sony and Matsushita Electric were among the market leaders for the day.

In Hong Kong, the Hang Seng index surged 184.24 points, or 1.29%, to 14,491.54 in a broad-based rally. Capping market gains, CNOOC tumbled 2.5% on news it may raise its bid for Unocal by including a $2.5 billion sweetener for Unocal shareholders, reports Standard & Poor's MarketScope.


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