German elections in Europe driving bags
Germany's benchmark DAX index outperformed the rest of European indicators, closing with a gain of 154.90 units (2.8%) at 5736.31 points, after the conservative Merkel on Sunday managed a second term of four years.
Britain's FTSE 100 of leading British shares added 83.5 points (1.6%) to end at 5165.70, while France's CAC-40 setting up 85, 86 units (2.3%) and closed in 3825 integers.
The Merkel's Christian Democrats now have enough seats to give up the grand coalition with the center-left Social Democrats, and are expected to form a new government in favor of industry and business Free Democrats.
However, Marc Ostwald, strategist at Monument Securities, cautioned against excessive euphoria investors as Peer Steinbrueck, the Social Democrats will no longer finance minister.
Merkel will be without the services … Steinbrueck, who has been one to have had the best performance in that position for almost a decade, Ostwald said.
A recent series of corporate mergers gave a respite to the U.S. stock market with an increase of 124.17 points on 1 , 3% in the Dow Jones industrial average, which had its most substantial increase in over a month to close at 9789.36.
The Standard Poor #39; s 500 increased 18.60 points, or 1.8%, to 1062.98 and the Nasdaq composite index improved 39.82 points (1.9%) to 2130.74.
Investors Wall Street was encouraged after Abbott Laboratories announced its acquisition of Solvay's pharmaceutical sector, Belgian manufacturer of chemicals, by 6,600 million dollars, and Xerox Corp. decided to acquire Affiliated Computer Services by some 6,400 million.
Instead, the picture in Asian markets was overshadowed by persistent concerns about a stronger yen.
The Nikkei average closed with a loss of 2.5% on fears that a stronger yen artificially more expensive exports, affecting the sector.
The dollar traded reached 89.31 yen on Monday after a maximum of 88 , 22, its lowest level since January.
Hang Seng index in Hong Kong fell 435.99 points (2.1%) and ended at 20,588.41. The South Korean Kospi index fell 0.9%, the benchmark Singapore fell 1.3% and 2.7% gave Shanghai Chinese. Markets in India were closed.
Oil gained strength. The benchmark crude for November delivery rose $ 1.26 to 67.28 a barrel in electronic trading on the New York Mercantile Exchange.
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Journalists from The Associated Press Carlo Piovano in London, Tomoko A. Hosaka in Tokyo and Kelly Olsen in Seoul contributed to this report.