European Markets End Higher
European stock markets ended with solid gains. In London, the Financial Times-Stock Exchange 100 index was up 69.5 points, or 1.71%, to 4,127.6, with help from news that U.K. business confidence rose to the highest level in a year. Germany's DAX index, rose 69.56 points, or 2.09%, to 3,396.07, as U.S. stocks traded higher. In France, the CAC 40 index gained 51.96 points, or 1.66%, to 3,190.23.
Asian markets finished Monday's session with solid gains. Japan's Nikkei 225 index rose 1.2%, to 9755.63, although trading was light as market participants took a wait-and-see stance before Fed Chairman Greenspan's testimony, scheduled for Tuesday. Meanwhile, in Hong Kong, the Hang Seng index rose 2.1% to 10,122.
Canada's benchmark S&P/TSX rose 38.42 points, or 0.54%, to 7,115.98.