This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Deal: European, Asian Stocks Rise as Recovery Gathers Pace

LONDON (The Deal) -- Stock indices in Europe and Asia posted gains amid further signs of the recovery gathering pace and ahead of expected positive economic data from U.S. later Wednesday.

In London, the FTSE 100 was up 0.27% at 6,670.46, while in Frankfurt the DAX rose 0.33% to 9,634.94. In Paris, the CAC 40 added 0.09% to 4,430.73.

In the U.K., the Nationwide Building Society released a report showing that house prices in March were up for the 15th straight month, slightly below the 2007 peak.

From the other side of the Atlantic, investors are waiting for a report from the ADP Research Institute expected to show that U.S. companies added more workers in March. A separate report due out from the Commerce Department report is expected to show a rise in February factory orders, after a fall in January.

In Frankfurt, Deutsche Post rose 4.20%, after the mail and logistics group projected annual earnings growth of more than 8% between 2013-2020, with the DHL division being the main contributor to group revenue and profitability growth. As for M&A, the Bonn-based firm said it will focus on organic growth along with bolt-on acquisitions and small disposals.

In France, network-equipment maker Alcatel-Lucent (ALU) rose 4.05% after broker Natixis put out a 'buy' recommendation. Alstom added to Monday's gains on a $1 billion-plus deal to sell a unit to German buyout shop Triton Advisers Ltd.

IPO fever also continued to spread, as Spanish testing services provider Applus+ announced plans to float on four Spanish exchanges: Barcelona, Bilbao, Madrid and Valencia. It's not given a valuation, but media reports suggest it could exceed 2 billion euros ($2.8 billion).

Asian indices closed their trading day in the green. In Tokyo, the Nikkei index rose 1.04% to 14,946. In Hong Kong, the Hang Seng advanced 0.34% to 22,523.94.

In Singapore, shares in Hong Kong-based agricultural and energy company Noble Group gained 5.02%, after it agreed to sell 51% of its agricultural trading unit to China's Cofco for $1.5 billion. Joining Cofco is a consortium of minority investors led by Chinese private-equity firm Hopu Investments.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs