02 Jan '12, 5pm

European stocks end higher in thin trade

European stocks end higher in thin trade

PARIS: European stock markets close higher on Monday, given a boost by strong German economic data in thin holiday trade. With London and Wall Street shut for public holidays, investors had little to go on but welcomed positive employment, consumer spending and manufacturing figures in Germany, Europe's biggest economy. In Paris, the CAC-40 index gained 1.98 percent to 3,222.30 points and in Frankfurt the DAX 30 jumped 3.00 percent to 6,075.52 points. Other markets showed similar gains with Milan up 2.42 percent as Madrid put on 1.84 percent despite Spain's new government warning that the 2011 public finances will prove to be in even worse shape than first thought. The euro was slightly easier at $1.2924, down from $1.2939 in New York late Friday as investors waited to see what the next turn in the eurozone debt crisis would be ahead of another EU summit at the end of the ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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