Canada Stocks Climb
Canada's benchmark TSE 300 closed up 50.3 points to 8301.2. Friday's strong close and Monday afternoon's bullish reversal in the U.S. indices were supports. Of the 14 subindices, 11 closed up -- lead by the Industrials (thanks to the bullish reversal in key stock Nortel, which closed up 76 cents to C$21.60.
European markets ended higher. In London, the Financial Times-Stock Exchange 100 index gained 46.90 points, or 0.81%, to 5,856.50. In Germany, the DAX Index added 49.19 points, or 0.80%, to 6,174.36. Markets in France were closed for observance of Ascension Day.
Asian markets finished higher. The Nikkei added 50.51 points, or 0.38%, to 13,312.35. Banking stocks were hit especially hard. In Hong Kong, the market gained 66.11 points, or 0.50%, to 13,207.49.