business

Europe Stocks End with Gains

Asia markets finish higher

European stock markets finished higher on Tuesday. London's Financial Times-Stock Exchange 100 index was up 8.5 points, or 0.2%, to 4,358.7. The Royal Institute of Chartered Surveyors indicated that higher interest rates are beginning to cool the housing market, pushing down shares of homebuilders Wilson Bowden and Barratt Developments.

Germany's DAX index gained 6.62 points, or 0.18%, to 3,705.73, after the German August ZEW investor sentiment index fell to a lower-than-expected 45.3 reading from 48.4 in July. However, the ZEW Institute still expects a moderate recovery in Germany until the start of next year.

In Paris, the CAC 40 index rose 16.45 points, or 0.47%, to 3,533.13.

In Asia, the markets finished higher on Tuesday. Japan's Nikkei 225 index rose 38.16 points, or 0.36%, to 10,725.97 after profit reports from U.S. retailers and a decline in oil prices raised optimism that consumer spending in the U.S. will be sustained. The index benefited from gains in exporters such as Toyota Motor and Sony and banking stocks.

In Hong Kong, the Hang Seng index gained 36.37 points, or 0.3%, to 12,256.12, led by strength in blue-chip property shares and China commodity plays.

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