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AAP

2012-11-23

A roundup of trading on major world markets:

NEW YORK - Wall Street was closed for the Thanksgiving holiday.

LONDON - European stock markets and the euro rose as traders welcomed strong Chinese manufacturing data and an Israel-Gaza truce, while a Greek bailout deal was put on hold ahead of an EU summit.

Investors shrugged off news that Cyprus, which currently holds the rotating EU presidency, will probably need 17 billion euros ($A21 billion) in international aid to rescue its struggling economy, hit by recession and the Greek debt crisis.

The benchmark FTSE 100 index climbed 0.68 per cent on Thursday to close at 5,791.03 points in London, Frankfurt's DAX 30 gained 0.84 per cent to 7,244.99 points and the Paris CAC 40 advanced by 0.60 per cent to 3,498.22.

The euro jumped to $US1.2875 from $US1.2826 late in New York on Wednesday.

HONG KONG - Asian markets mostly climbed as Chinese manufacturing data indicated the economy continues to pick up, while the euro extended its gains on hopes a deal on Greece's bailout will be agreed.

Japanese shares closed at a six-month high as the yen weakened further against the dollar and euro on expectations the country's central bank will unveil fresh monetary easing measures.

Tokyo soared 1.56 per cent, or 144.28 points, to 9,366.80 to finish at their highest level since early May.

Seoul rose 0.82 per cent, or 15.46 points, to 1,899.50 while Sydney climbed 1.00 per cent, or 43.6 points, to finish at 4,431.1.

Hong Kong closed 1.02 per cent higher, adding 218.84 points to end at 21,743.20 but Shanghai fell 0.72 per cent, or 14.71 points, to 2,015.61.

WELLINGTON - The NZX 50 Index rose 25.98 points, or 0.7 per cent, to 3997.21, having briefly risen above 4000 for only the second time since January 2008.