European markets higher after last week’s losses

Europe’s markets were higher on Monday after five session that saw nearly no gains at all last week. The FTSE Eurofirst 300 added 0.81 percent to 1,580.38. Among continental markets the IBEX was up 0.84 percent to 14,940.6 in Madrid, while the Paris CAC-40 gained 0.97 percent to 5,940.09 and the Xetra Dax in Frankfurt was 1.52 percent higher to 7,706.1. The steel sector was higher, as were some airlines. Carmakers and the telecommunications sector were mixed on the session.

In London, the FTSE 100 gained 0.96 percent to 6,567.5, while the FTSE 250 added 0.45 percent to 11,635.5. Miners and beverage makers advanced in London. On the other hand the oil sector and homebuilders were lower on the session.

Asian markets were nearly all higher as well. In India, the Sensex added 0.14 percent to 14,083.41. In Hong Kong, the Straits Times index was 0.52 percent higher to 20,615.49, while the Straits Times index in Singapore was up 1.34 percent to 3,545.46. The Australian markets were closed of the Queen’s Birthday.

In Tokyo, the Nikkei 225 and the Topix index were each 0.3 percent higher, with the Nikkei closing at 17,834.48 and the Topix ending the session at 1,761.15. On the other hand, the Mothers market ended the day 0.5 percent lower to 896.65. In Tokyo, the real estate sector saw declines but carmakers, the electronics sector, and miners saw advances.

Wall Street was up slightly at midday, with the Dow Jones Industrial Average up 0.05 percent to 13,430.65, while the Nasdaq Composite gained 0.09 percent to 2,575.78 and the S&P 500 had added 0.18 percent to 1,510.44. Steel makers, the retail sector, and homebuilders all saw declines by mid-session, but the US oil sector and some drug makers were higher on the day so far.

Story link: European markets higher after last week’s losses