European Stocks Gain From Asia Momentum By Marco Hague About this article: European markets opened the Monday trading session with very strong momentum, following the much better-than-expected Japanese gross domestic product and APEC's pledge to maintain the monetary stimulus. The boldness seen in trading in Asia, where the markets reversed initial loses, allowed a risk aversion wave to sweep into the overnight session. European equity markets saw positive momentum from the opening bell. All regional stock markets were currently trading in the green. The heavyweight German DAX and U.K. FTSE gained about 1% each. European stocks were pushed higher on the back of Asian market momentum that followed very strong Japanese GDP numbers. In the third quarter, the Japanese economy expanded 1.2%, beating market expectations of a 0.7% read. The growth rate of the Japanese economy is stronger than the one seen in Europe or U.S., even though the market had been pricing in a slow Japanese recovery. Further positive momentum... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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