European stock markets outlook january 3 2012

Indonesia stock info - European stock markets outlook january 3 2012 ; European stock markets closed higher on Monday, given a boost by strong German economic data in thin holiday trade. With London and Wall Street shut for public holidays, investors had little to go on but welcomed positive employment, consumer spending and manufacturing figures in Germany, Europe's biggest economy.

In Paris, the CAC-40 index gained 1.98 percent to 3,222.30 points and in Frankfurt the DAX 30 jumped 3.00 percent to 6,075.52 points. Other markets showed similar gains with Milan up 2.42 percent as Madrid put on 1.84 percent despite Spain's new government warning that the 2011 public finances will prove to be in even worse shape than first thought.

Stock gains were led by Frankfurt after the German Chamber of Commerce and Industry DIHK said that private consumption in Germany was at its strongest level for more than a decade in 2011 despite the ongoing euro crisis. Separately, official figures showed the number of people in work hit a record 41.04 million, with more than half a million jobs created last year. The German economy appears to be holding up despite the long-running debt crisis thanks to the deep restructuring it has undertaken in recent years.

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