By  on January 13, 2012

LONDON — Europe’s markets continued on a positive streak this morning.

The FTSE 100 was up 0.5 percent to 5,691.76, the CAC 40 in Paris lifted 0.9 percent to 3,227.32, the DAX in Frankfurt was up 0.8 percent to 6,231.38 and the FTSE MIB in Milan rose 0.5 percent to 15,3272.55.
Banking shares led the gains, with Royal Bank of Scotland and Barclays among the top performers in London, and Credit Agricole and BNP Paribas in the top five risers in Paris.

Expectations of a strong demand for Italy’s medium to long-term government bonds, which will be auctioned later today, was said to be boosting sentiment among investors.
Meanwhile, the Nikkei 225 in Tokyo closed up 1.4 percent to 8,500.02, and the Hang Seng Index in Hong Kong closed up 0.6 percent to 19,204.42.
It was a largely positive morning for fashion, luxury and retail stocks. Among the highest risers were: Benetton Group, up 5.6 percent to 3 euros; Hermès, which rose 3.2 percent to 250 euros; and Prada, which closed up 3.7 percent to 35.10 Hong Kong dollars on the Hong Kong stock exchange.
The few that fell included Safilo Group, down 0.6 percent to 4.68 euros, and French Connection, down 1.6 percent to 39 pence.
The pound traded at $1.53 this morning, while the euro traded at $1.27.

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