European and Asian stocks rose Friday as U.S. federal government employees returned to work and after a Chinese GDP report showed the pace of economic growth in the world's No. 2 economy is accelerating.
LONDON (The Deal) -- European and Asian stocks edged higher Friday as U.S. federal government employees returned to work and after a Chinese GDP report showed the pace of economic growth in the world's No. 2 economy is accelerating.
In London, the FTSE was up 0.25% at 6,592.79. Miner Anglo American about fell 2.5% after a mixed third-quarter production report showed copper output was up 32% year-on-year but iron ore fell 24%, partly because of safety-related stoppages at its Sishen mine in South Africa.
In Frankfurt, the Dax was little changed at 8,814.28 and in France the Cac-40 was up 0.25% at 4,250.03.
Cap Gemini gained 3.4% after it said it was in exclusive talks to buy the IT services division of nuclear power-generation equipment supplier Areva. The would-be seller also gained more than 3%.
In Hong Kong, the Hang Seng closed up 0.95% at 23,314.49. A government report showed that Chinese GDP had expanded 7.8% in the third quarter, benefiting from a state stimulus package.
Growth accelerated from 7.5% the previous quarter and exceeded the state's annual growth target, which is also 7.5%
Shares in PC maker Lenovo fell 1.9% to HK$8.05 on a Wall Street Journal report that it is preparing a bid for Canada's BlackBerry (BBRY). The smartphone maker last month agreed to be bought by a consortium led by Fairfax Financial Holdings for $4.7 billion but has since attracted bid interest from its founders.
In Tokyo, the Nikkei 225, which had largely shrugged off the U.S. debt debacle, gave up 0.17% of its value to close at 14,561.54.