European Markets End with Solid Gains
Canada's benchmark TSE 300 index posted solid gains in Thursday's session, adding 98.01 points, or 1.30%, to 7,650.60. Investors brushed aside potentially bearish news and chose instead to take an optimistic outlook. S&P notes that strong seasonal factors favor stocks at this time of the year.
European markets finished higher on optimism from a strong performance by U.S. stocks over the extended holiday and strength in oil and petroleum stocks. In London, the Financial Times-Stock Exchange 100 finished up 35.80 points, or 0.69%, to 5,213.20. In Germany, the DAX index added 98.12 points, or 1.95%, to 5,117.13. France's CAC 40 index ended higher by 89.06 points, or 1.98%, to 4,591.16.
In Asia, stocks rallied, with help from better-than-expected retail sales announced in the U.S. Wednesday. The falling value of the yen against the dollar also drew buyers. Japan's Nikkei 225 index soared 265.04 points, or 2.60%, to 10,457.61. In Hong Kong, markets rose 149.72 points, or 1.34%, to 11,359.50.