Investing.com – European stock markets were broadly higher on Monday, hovering near 29-month high amid mounting optimism over the global economic recovery, while U.S. futures indexes pointed to a higher open on Wall Street.
During European morning trade, the EURO STOXX 50 rallied 1.22%, France’s CAC 40 jumped 1.18%, while Germany's DAX was up 0.91%.
Data on Friday showed that the U.S. economy added significantly fewer than expected jobs in January however the unemployment rate fell to the lowest level in two years.
Meanwhile, the financial sector performed strongly as shares in Europe’s second largest banking group Credit Agricole rallied 4.32%. Shares in rival Societe Generale jumped 2.93%, Italy’s largest lender Unicredit was up 2.44%, while German banking giant Deutsche Bank saw shares rise 1.67%.
Shares in Spain’s largest lender Banco Santander climbed 1.12% after it announced a tender to acquire Poland’s third biggest bank Bank Zachodni WBK for approximately EUR4.26 billion.
Elsewhere, shares in the world’s biggest maker of mobile phones Nokia jumped 3.83% following reports that the company planned to replace half its executive board as part of a revamp of its strategy. Nokia will give a strategy presentation in London on Friday.
Shares in athletic apparel retailer Adidas soared 2.48% after the company’s chief executive forecast strong growth in 2011 in an interview on German television over the weekend.
In London, the commodity-heavy FTSE 100 climbed 0.81% as shares in gold producer Randgold Resources jumped 3.56% after it reported a 43% increase in net profit for the year ended December 31.
The company raised its full-year earnings outlook for 2011 as gold production was forecast to rise by 70% compared to a year earlier.
Meanwhile, shares in the world’s third largest copper producer Xstrata surged 3.03% as copper prices hovered near an all-time high. Mining giant Rio Tinto saw shares gain 1.76%, while shares in oil major British Petroleum added 1.64%.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from hotel operator Loews and from the second largest U.S. toy-maker Hasbro.
The Dow Jones Industrial Average futures pointed to a rise of 0.34%, S&P 500 futures indicated a gain of 0.42%, while the Nasdaq 100 futures pointed to an increase of 0.39%.
Later in the day, the U.S. was to release a government report on consumer credit.
During European morning trade, the EURO STOXX 50 rallied 1.22%, France’s CAC 40 jumped 1.18%, while Germany's DAX was up 0.91%.
Data on Friday showed that the U.S. economy added significantly fewer than expected jobs in January however the unemployment rate fell to the lowest level in two years.
Meanwhile, the financial sector performed strongly as shares in Europe’s second largest banking group Credit Agricole rallied 4.32%. Shares in rival Societe Generale jumped 2.93%, Italy’s largest lender Unicredit was up 2.44%, while German banking giant Deutsche Bank saw shares rise 1.67%.
Shares in Spain’s largest lender Banco Santander climbed 1.12% after it announced a tender to acquire Poland’s third biggest bank Bank Zachodni WBK for approximately EUR4.26 billion.
Elsewhere, shares in the world’s biggest maker of mobile phones Nokia jumped 3.83% following reports that the company planned to replace half its executive board as part of a revamp of its strategy. Nokia will give a strategy presentation in London on Friday.
Shares in athletic apparel retailer Adidas soared 2.48% after the company’s chief executive forecast strong growth in 2011 in an interview on German television over the weekend.
In London, the commodity-heavy FTSE 100 climbed 0.81% as shares in gold producer Randgold Resources jumped 3.56% after it reported a 43% increase in net profit for the year ended December 31.
The company raised its full-year earnings outlook for 2011 as gold production was forecast to rise by 70% compared to a year earlier.
Meanwhile, shares in the world’s third largest copper producer Xstrata surged 3.03% as copper prices hovered near an all-time high. Mining giant Rio Tinto saw shares gain 1.76%, while shares in oil major British Petroleum added 1.64%.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from hotel operator Loews and from the second largest U.S. toy-maker Hasbro.
The Dow Jones Industrial Average futures pointed to a rise of 0.34%, S&P 500 futures indicated a gain of 0.42%, while the Nasdaq 100 futures pointed to an increase of 0.39%.
Later in the day, the U.S. was to release a government report on consumer credit.