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 LONDON (AP) - Stock markets around the world had a strong start to 2007 on Tuesday as investors bet on more mergers and rising valuations — trends that sent equities soaring at the end of 2006.
In London, the FTSE 100 index rose 1.5 percent to 6,310.90, led by miners Lonmin, up 2.9 percent, BHP Billiton, also up 2.9 percent, and Anglo American, up 2.1 percent. In Germany the DAX Xetra 30 index gained 1.3 percent to 6,681.13. Retailer Metro AG jumped 4.6 percent despite a denial from major shareholder the Haniel family that it was buying more stock.
The markets were able to post their big gains even in the absence of guidance from U.S. exchanges, which were closed for the funeral of President Gerald R. Ford.
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