European Shares Rise; U.K. GDP Revised Up
Updated from 5:11 a.m. EST
NEW YORK (
) -- Japanese shares rebounded Friday on a report that factory output in Japan rose in January while European shares rose after fourth-quarter gross domestic product in the U.K. was revised upward to 0.3%.
In Tokyo, the Nikkei 225 stock average rose 0.2% to 10,126.03, following three down days, as factory output rose 2.5% in January for the 11th-straight month. Shares of
Toyota
(TM) - Get Free Report
, which is in the news everyday because of the recall of millions of its vehicles, rose 1.8%.
The Shanghai Composite Index in China fell 0.3%, while stocks in Hong Kong finished higher by 1%.
European shares were higher with stocks in London gaining about 1% after the GDP report. Shares in Frankfurt and Paris rose 0.9% and 1.1%, respectively.
Shares of U.K. bank
Lloyds
(LYG) - Get Free Report
were lower after it reported a
2009 loss on impairment charges
. The bank, however, said the impairments for bad loans were easing.
Premarket futures suggested stocks in the U.S. would rise at the open Friday after finishing lower on Thursday.
-- Reported by Joseph Woelfel in New York.
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