Asian, European Shares Follow Dow Higher - TheStreet

NEW YORK (

TheStreet

) -- A triple-digit gain for the

Dow Jones Industrial Average

led Asian and European shares higher Wednesday.

In Tokyo, the Nikkei 225 stock average gained 2.7% to 10,306.83. The Hang Seng in Hong Kong finished 1.3% higher on Wednesday. Markets in China are closed for the week for the Lunar New Year holiday.

London stocks gained 0.6%, while shares in Frankfurt and Paris were rising 1% and 1.6%, respectively, as of 5:45 a.m. EST.

The Dow rose 169.67 points, or 1.7%, to 10,268.81 on Tuesday. The

S&P 500

index rose 19.36, or 1.8%, to 1,094.87, while the

Nasdaq

index climbed 30.66, or 1.4%, to 2,214.19.

Markets were buoyed Tuesday by good earnings reports from the likes of

Kraft

(KFT)

,

Merck

(MRK) - Get Report

and

Abercrombie & Fitch

(ANF) - Get Report

. And problems in Greece, that have befuddled investors recently, have abated somewhat after Eurozone countries gave Greece a month to show improvement in its high debt levels.

Reports from

Hewlett-Packard

(HPQ) - Get Report

and

NetApp

(NTAP) - Get Report

are scheduled for release after the market closes Wednesday.

Premarket futures in the U.S. suggest stocks will open higher on Wall Street Wednesday.

-- Reported by Joseph Woelfel in New York.

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