Canada Shares End with Gains
Canada's benchmark TSE 300 traded in a choppy manner Monday as a bounce in oil helped offset negative pressures from the 97-point decline in the Dow Jones Industrial Average. The Nasdaq closed virtually flat and this was a support for the Industrial Products sector. The TSE added 30.32 points to 7,761.30.
European markets were higher. In London, the Financial Times-Stock Exchange 100 index closed up 40.40 points, or 0.78%, to 5,201.40. UK producer prices rose only 0.1% in March, which reduces concerns that the Bank of England will raise interest rates soon.
In France, the CAC 40 added 34.20 points, or 0.77%, to 4,502.49 after the Bank of France said the economy will grow 0.5% in the second quarter, and probably grew at 0.2% in the first quarter. And in Germany, the DAX Index gained 54.55 points, or 1.05%, to 5,244.20.
In Asia, the markets ended higher. Japan's Nikkei gained 174.32 points, or 1.59%, to close at 11,137.30, supported by exporter shares following a strong finishing in U.S. stocks last Friday on the back of earnings optimism. Overall gains also resulted from momentum in speculative buy-orders for index futures by arbitragers, says S&P. In Hong Kong, the Hang Seng market added 17.50 points, or 0.32%, to close at 10,727.98.