Europe Stocks Rise

Asian markets rally, powered by Friday's rally on Wall Street

European stock markets finished higher on Monday. London's Financial Times-Stock Exchange 100 index was up 22.2 points, or 0.48%, to 4,681.8. The CIPS Construction Spending index rose to seasonally adjusted 56.8 in September from 55.8 in August, the 68th consecutive month above the 50.0 no change mark.

Germany's DAX index rose 38.32 points, or 0.96%, to 4,033.28 as investors looked for oversold cyclical and financial stocks. The European August PPI rose 0.4% and European retail trade fell 1.3%.

In Paris, the CAC 40 index gained 36.9 points, or 0.99%, to 3,767.06.

In Asia, the markets finished with hefty gains on Monday, powered higher by a sharp rally on Wall Street on Friday and led by tech stocks. Japan's Nikkei 225 index jumped 294.46 points, or 2.68%, to 11,279.63.

In Hong Kong, the Hang Seng index climbed 239.22 points, or 1.82%, to 13,359.25 on gains in financials, properties, and utility names.