Canada Shares Advance, but Gold Tempers Gains
Canada's benchmark S&P/TSX got off on to explosive start as investors stood up and cheered the astonishly good U.S. sales report. But gains were tempered by an underperformance in gold stocks. The S&P/TSX added 55.10 points, or 0.7%, to 7,716.91. Technology issues were the day's best performers.
European markets ended higher, thanks to the robust U.S. retail sales report. In London, the Financial Times-Stock Exchange 100 was up 34.70 points, or 0.67%, to 5,239.50.
In Germany, the DAX Index gained 73.60 points, or 1.48%, to 5,049.08, even though the Zew Center for European Economic Research said German institutional investor confidence fell in May for the second consecutive month as IG Metall strikes were seen harming the economy. And in France, the CAC 40 climbed 71.73 points, or 1.64%, to 4,447.12.
In Asia, the markets ended mixed. In Japan, the Nikkei gained 19.24 points, or 0.17%, to close at 11,356.19 amid renewed concerns over corporate earnings. Investors were reportedly sidelined prior to upcoming earnings announcements from Applied Materials. In Hong Kong, the Hang Seng lost 43.12 points, or 0.37%, to close at 11,690.31.