Europe Stocks Advance On Heels of U.S. Rally
European markets finished higher on optimism over profit results from U.S. tech companies and a flurry of short covering. In London, the Financial Times-Stock Exchange 100 index gained 11.80 points, or 1.28%, to 5,164.90. In France, the CAC 40 added 11.30 points, 0.26%, to 4,330.68. And in Germany, the DAX Index was up 105.27 points, or 2.28%, to 4,718.46. Earlier, some indices had pared down their losses after rumors of Osama bin Laden's capture. The Pentagon quashed those rumors, and the markets closed on a more modest note.
Canadian stockss finished higher, with the benchmark TSE 300 index adding 107.83, or 1.55%, to 7060.10, as investors gained confidence the market had found its bottom.
Asian markets ended with solid gains. Japan's Nikkei surged 382.13 points, or 3.83%, to 10,347.01. The market gathered momentum later in the session, with sharp gains in big-cap telecoms, tech and automobile shares. In Hong Kong, the Hang Seng added 224.37 points, or 2.18%, to 10,522.61.