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Markets & Finance

Canada Stocks Climb on Stronger Data

Canada's benchmark S&P/TSX rose as better-than-expected gross domestic product reading boosted shares ahead of a long holiday weekend. The index added 71.80 points, or 1.02%, to 7,145.61.

Europe stocks rose . In London, the Financial Times-Stock Exchange 100 index rose 115.80 points, or 2.55%, to 4,656.40 in reaction to Wall Street's rally Thursday and a report that UK first quarter GDP rose 0.1%. But GDP growth for 2001 was revised down to 1.9% from 2.2%.

France's CAC 40 gained 155.21 points, or 4.15%, to 3,897.99 although the unemployment rate remained near its 18-month high in May. But the market was encouraged by news that May producer prices fell 0.3%.

Germany's DAX index was up 123.13 points, or 2.89%, to 4,382.56 amid a published report that June unemployment rate fell a bit. There was some reaction to a U.S. market rally yesterday.

Markets in Asia finished higher. In Japan, the Nikkei 225 index surged 360.24 points, or 3.51%, to end at 10,621.84 as Tokyo stocks gained momentum in the Friday afternoon session, led by exporter shares on better sentiment following an upward revision in first quarter GDP for the U.S. and a rebound in U.S. stocks overnight.

In Hong Kong, the benchmark Hang Seng index ended up 80.46 points, or 0.76%, at 10,598.55.

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