LONDON -- Europe's markets finished Wednesday on a positive note, with all three major indices closing higher, helped in no small part by the performance on Wall Street.

The

FTSE 100

closed with a gain of 132.3, or 2.1%, to 6363.9.

It was another day and another dollar for the investors in the tech and telecom sector. First prize goes to

Psion

, up 12.88 pounds, or 21.9%, to 64.75 pounds, followed by

Affinity Internet

, up 500p, or 7.9%, to 68.00 pounds.

Baltimore Technologies

moved up 600p, or 5.2%, to 122.00 pounds, while

Colt Telecom

(COLTY)

gained 442p, or 12.2%, to 40.73 pounds. The

Techmark

index of leading tech stocks closed 210.1 points higher at 5342.4, or up 4.01%.

There were bid rumors again for troubled retailer

Marks & Spencer

(MASPY)

.

Carrefour

of France, Europe's answer to

Wal-Mart

(WMT) - Get Report

, was the name in the frame, and M&S raced ahead 33p, or 14.5%, to 260.5.

Media stocks were again in the headlines.

Pearson

jumped 146p, or 7.0%, to 22.48 pounds, while

Reuters

(RTRSY)

shot up 123p, or 9.0%, to 14.92 pounds, helped by a chunky buying order first thing this morning following a

Merrill Lynch

buy note and a

Goldman Sachs

20-pound price target.

Cable operator

Telewest Communications

(TWSTY)

closed 24p higher, or 6.3%, at 459 amid rumors of an imminent joint venture with

Microsoft

(MSFT) - Get Report

.

The other major European bourses closed higher as investors, buoyed by the rise in the

Nasdaq

, reverted to the reliable tech and telecom combination. The

Xetra Dax

in Frankfurt ended up 83.38, or 1.1%, at 7727.93 and the

CAC 40

in Paris finished up 65.36, or 1.1%, at 6256.32.

German stocks looked split pretty much as they had the day before, with technology and telecommunications issues rising and financial stock retreating.

Siemens

(SMAWY)

climbed 2.90 euros, or 1.6%, to 187.30 and

SAP

(SAP) - Get Report

closed up 25.60 euros, or 3.0%, 888.60. On the bank side,

Commerzbank

(CRZBY)

ended down 0.57 euros, or 1.5% to 36.96.