Canadian Shares Climb Amid Gold Rally
The TSE 300 closed up a healthy 83 points to 8229. Wednesday's bullish reversal and Thursday's follow through show the improvment in investor sentiment (confidence that aggressive central bankers rate cuts will eventually pull the economy out of the doldrums). Out of 14 sectors, 13 closed up lead by the Industrials. Also note the continued rally in gold/gold stocks.
European markets ended higher. In London, the Financial Times-Stock Exchange 100 index added 20.50 points, or 0.35%, to 5,904.50. In Germany, the DAX Index gained 25.37 points, or 0.41%, to 6,173.81. In France, the CAC 40 climbed 69.96 points, or 1.27%, to 5,592.65.
In Asia, markets finished higher. The Nikkei gained 216.40 points, or 1.58%, to 13,910.67. In Hong Kong, the market surged 301.92 points, or 2.26%, to 13,637.87.