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Markets & Finance

Europe Markets End with Gains

European stock markets finished higher on Monday. London's Financial Times-Stock Exchange 100 index gained 34.9 points, or 0.82%, to 4,292.10, as U.K. factory output grew in July at its fastest pace since last November. In Paris, the CAC 40 closed up by 16.97 points, or 0.50%, to 3,409.72. Germany's DAX index was higher by 29.80 points, or 0.83%, to 3,637.51.

Asian markets finished modestly higher. In Japan, the Nikkei 225 index gained 32.99 points, or 0.31%, to close at 10,683.76. "The Tokyo market rebounded to positive territory late morning, supported by recent improved outlook for the Japanese economy and corporate earnings," says MMS. Bank stocks performed well, with Sumitomo Mitsui Financial Group up 4.74%, and Mitsubishi Tokyo Financial Group up 2.91%. In high tech stocks, Nikon surged 5.83%, and Sony rose 5.0%.

In Hong Kong, the Hang Seng index lost 5.33 points, or 0.05% to close at 11,165.28.

Canada's benchmark S&P/TSX rose 23.52 points, or 0.31%, to 7,636.01.

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