LONDON, July 9: Europe's main stock markets rallied on Monday after Tokyo's main equity index hit a fresh seven-year high following a positive end to last week in the United States.
London's FTSE 100 index of leading shares rose 0.19 per cent to 6,703.10 points, Frankfurt's DAX 30 index added 0.50 per cent to 8,088.26 points and in Paris the CAC 40 gained 0.19 per cent to 6,114.47.
The DJ Euro Stoxx 50 index of leading eurozone shares won 0.29 per cent to 4,537.57 points.
The euro stood at 1.3632 dollars. US stocks swung higher Friday after a government report revealed solid US jobs growth last month and more robust job creation in April and May than initially estimated.
The monthly job market survey bolstered some economists' expectations that growth in the world's largest economy was clicking up a gear.
In London, Tate and Lyle headed the FTSE after the broker Credit Suisse upgraded the sugar maker's stock to “outperform” from “neutral.”Tate jumped 3.70 percent to 574.5 pence.
Across the English Channel, Air France-KLM soared higher in Paris trade, climbing 2.42 percent to 34.35 euros.
The airline led the CAC 40 as investors welcomed its solid growth in traffic last month, while they also reacted to renewed rumours that the group is interested in Italian carrier Alitalia, dealers said.
One Paris-based dealer said the airline's May traffic figures, announced on Friday, were “very good.”Last Friday in New York, the Dow Jones Industrial Average closed up 0.34 percent at 13,611.68 points.
The tech-rich Nasdaq composite ended up 0.37 percent at 2.666.51 points and the Standard and Poor's 500 broad-market index added 0.33 percent to a close of 1,530.44.
The market action came after the Labour Department reported that US employers added 132,000 jobs in June while the unemployment rate held steady at 4.5 per cent.—AFP
