Europe, Asia Higher

European and Asian stock markets were higher on Monday. Asian markets were boosted by gains in technology stocks

European stock markets were higher on Monday. In London, the Financial Times-Stock Exchange 100 index, was up 30 points to 4972 level with March Brent crude oil futures down 23 cents to $43.66 level. Also, British American Tobacco leading tobacco stocks higher after a U.S. court late Friday said cigarette makers can't be forced to pay $280 billion in damages demanded by the government. 79 FTSE stocks were up and 19 were down on turnover of 279,602,000 shares. Yields on 10-year gilts were flat at 4.52%. The sterling was off at $1.8678. Manchester United higher on report American Malcolm Glazer made a third takeover bid. Emblaze was up after the company said its full-year net loss narrowed. EMI Group lower after the company cut its fiscal-year revenue forecast.

Germany's DAX index was up 27 points to a 30-month high 4367 level, as the dollar rose to a 3-month high against the euro. 24 DAX stocks were up and 5 were down on turnover of 28,182,000 shares. Yields on 10-year Bunds were up to 3.50% from 3.49% Friday. The euro was off at $1.2844. Allianz was higher after Morgan Stanley raised it recommendation of stock to "overweight" from "equal-weight". Bilfinger Berger was higher after the company said it expected strong profit growth this year. Comdirect Bank was higher as the brokerage executed 11% more securities trades in January than in December.

In France, the CAC 40 was up 19 points to 3977 level as oil futures fall and the dollar rose against euro. 25 CAC stocks were up and 13 were down on turnover of 27,378,000 shares. Yields of 10-year bonds were up to 3.49% from 3.48% Friday. STMicroelectronics and Cap Gemini were higher on a stronger dollar and weaker euro, which helps exports. Lafarge was higher after its North American unit reported higher fourth-quarter sales.

Asian markets were higher on Monday. In Japan, the Nikkei 225 rose 139.46 points, or 1.23%, to close at 11,499.86, lifted by gains in technology stocks after U.S. peers rose on Friday. Matsushita Electric climbed almost 1% after revising up its full-year profit outlook while Advantest surged over 4%, mirroring gains in regional semiconductor names after U.S. semiconductor stocks leapt on Friday. Fujitsu jumped 3.15% after it said on Sunday it is in talks with Sharp Corp to sell its loss-making LCD panel operations. But Daiei Inc tumbled 3.48% after the supermarket chain said on Friday it would post a 510 billion yen group net loss for the year to Feb. 28, against a year-ago profit of 18.1 billion won. Yaskawa Electric slid following Goldman Sachs' downgrade of the stock to an underperform while Mitsubishi Chemical rose after it posted a 66% jump in nine-month profit and kept its record full-year forecast.

Hong Kong's Hang Seng Index gained 209.83 points, or 1.54%, to close at 13,795.00. The benchmarket index was up following a rally on Wall Street, but traders say activity is expected to thin ahead of Lunar New Year holidays this week.

Canada's benchmark TSX/S&P gained 13.61 points, or 0.14%, to close at 9,371.89.

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