Europe Stocks End Higher
European stock markets made gains on Wednesday. London's Financial Times-Stock Exchange 100 index ended up 32.5 points, or 0.73%, at 4,491.10 on news that the jobless rate in the U.K. was unchanged at 2.8%, while unemployment fell by 12,000.
In Paris, the CAC 40 added 31.07 points, or 0.84%, to 3,714.5. Germany's DAX index gained 15.94 points, or 0.40%, to 4,003.24, on news that the Consumer Price Index, a measure of inflation at the consumer level, in the Eurozone rose 0.3% in May, and 2.3% in the first quarter.
Asian stock markets advanced, as fears of an aggressive rate hike strategy in the U.S. eased. Japan's Nikkei 225 index added 254.02 points, or 2.23%, to 11,641.72, with banking names making gains. Mitsubishi Tokyo Financial Group advanced after Goldman Sachs upgraded the stock to in-line from underperform.
In Hong Kong, the Hang Seng index moved 111.09 points higher, or 0.92%, to finish at 12,161.78.