Europe, Asia Higher
European stock markets closed higher on Friday. LONDON: The Financial Times-Stock Exchange 100 index rose 21.0 points to a three-month high 5030.40 as July Brent crude oil futures fell. 68 FTSE stocks rose, 27 fell on turnover of 1,476,000.000 shares. Yields on 10-year gilts rose to 4.24% from 4.22% yesterday. Sterling fell to $1.8126 as the G7 finance ministers kicked off London meeting. Shell Transport and BP rose on IEA report supplies fell in May. Reuters Group rose on rumors company would make a stock buy back offer. Alea Group fell after company said it might raise capital to prevent a cut in its credit rating. Benfield fell after company forecast lower operating profit. Cable & Wireless rose after recommended a "buy" on the in a note to clients today.
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