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Markets & Finance

Europe Markets Rally

European stocks were trading higher Monday, encouraged by a sharp rally in the U.S. In London, the Financial Times-Stock Exchange 100 added 81.2 points, or 2.01%, to 4,129.3.

In Germany, the DAX Index gained 81.88 points, or 2.75%, to finish at a four-week high of 3,064.56. Sentiment in Germany was boosted by improved consumer confidence and April retail sales numbers. France's CAC 40 added 56.57 points, or 1.89%, to 3,048.32.

Canada's benchmark S&P/TSX soared 80.36 points, or 1.17%, to 6,940.16.

In Asia, markets ended higher. Japan's Nikkei index was up 122.66 points, or 1.46%, to 8,547.17. Shares of Japanese exporters ticked higher as the yen fell against the dollar. Meanwhile, in Hong Kong, the Hang Seng index increased 150.15 points, or 1.58%, to 9,637.53.

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