LONDON — Europe’s markets were on the rise as the London Stock Exchange closed ahead of the holiday break early this afternoon.
The FTSE 100 in London closed up 1 percent to 5,512.70, the CAC 40 in Paris gained 1 percent to 3,103.01, the DAX in Frankfurt rose 0.4 percent to 5,873.57 and the FTSE MIB in Milan was up 0.4 percent to 15,086.27.
The Nikkei 225 in Japan closed down 0.8 percent to 8,395.16, while the Hang Seng Index in Hong Kong closed up 1.4 percent to 18,629.17.
It’s thought the Italian Senate’s approval of austerity measures Thursday continued to buoy shares today. Commodities stocks were up the most, with Tullow Oil and Antofagasta the biggest gainers in London and Total and Veolia Environnement rising the most in Paris.
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Fashion and luxury stocks had a largely positive morning. LVMH Moët Hennessy Louis Vuitton was up 2.2 percent to 108.95 euros, putting it among Paris’ top-five performing stocks. Richemont rose 1.7 percent to 47.52 Swiss francs, Prada closed up 2.4 percent to 33.60 Hong Kong dollars and Hermès increased 1.5 percent to 227.95 euros. Among the few that fell were Mulberry, down 2.1 percent to 14.64 pounds, and Yoox, down 1.6 percent to 8.24 euros.
The pound traded at $1.56, while the euro traded at $1.30.