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Foreign Markets

Markets got off to a great start Thursday when the Japanese government announced that the stimulus package they are trying to attain is greater than originally announced; totaling some 3% of the country’s GDP. Japan’s Nikkei 225 stock average added 321.05 points, or 3.7 %, to 8,916.06 for its highest close in three months, while Hong Kong’s Hang Seng climbed 426.55, or 3 %, to 14,901.41.

With the Bank of England holding interest rates at their current 50 basis point level, the FTSE 100 index of leading British shares was up 24.17 points, or 0.6 %, at 3,949.69, while Germany’s DAX rose 50.44 points, or 1.2 %, to 4,408.36. France’s CAC-40 was 17.28 points, or 0.6 %, higher at 2,938.34.

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Foreign Markets

After falling yesterday, markets overseas rallied to close out the week. Renewed hopes of additional stimulus measures sent Asian equities higher. Japan’s Nikkei 225 stock average jumped 371.03 points, or 5.2 %, to 7,569.28, and Hong Kong’s Hang Seng climbed 524.27 points, or 4.4 %, to 12,525.80.

In Europe, the FTSE 100 index of leading British shares was up 62.70 points, or 1.7 %, at 3,774.76, while Germany’s DAX rose 36.85 points, or 0.9 %, to 3,993.07. France’s CAC-40 was up 42.72 points, or 1.6 %, to 2,736.97.

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