Canada Shares Rally

European and Asia markets finish higher

Canada's benchmark S&P/TSX rallied 125.43 points, or 1.93%, to 6,612.16.

European markets end solidly higher, as the IMF $30-billion Brazil bailout bolstered the banking industry globally. In London, the FTSE 100 index ended with a gain of 146.10 points, or 3.57%, to 4,240.50.

In France, the CAC 40 was up 117.94 points, or 3.61%, to 3,388.45. And in Germany, the DAX Index jumped 213.72 points, or 6.17%, to 3,679.26.

In Asia, the markets finished higher. In Japan, the Nikkei lost 34.83 points, or 0.35%, to close at 9,799.57. Japan's major equity indices failed to keep early gains, as market heavy-weight technology shares sank on renewed concerned over their earnings. Gains in the Wall Street in Wednesday's session, despite no inspirational headlines, were not enough to support the Japan market.

In Hong Kong, the market was down 15.50 points, or 0.16%, to close at 9962.24.

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