Global markets extend rally
European, Asian shares advance after another surge on Wall Street. India closes markets after terror attacks.
LONDON (CNNMoney.com) -- European and Asian stocks rose Thursday, lifted by another rally on Wall Street.
India closed its markets after gunmen carried out brazen attacks across Mumbai, the country's financial capital. More than 100 people are dead and fresh blasts rocked a Mumbai hotel Thursday morning. (Full story)
U.S. markets were closed for Thanksgiving and will close early Friday.
In midday trading, Britain's FTSE 100 was up 2% The CAC-40 in France was up 1.8% and Germany's DAX was up 2.3%.
In Asia, major markets finished higher. Japan's benchmark Nikkei 225 index added about 2% while the Hang Seng index in Hong Kong rose 1.4%.
The gains came on the heels of another upbeat day on Wall Street. The Dow Jones industrial average gained 2.9%, the S&P 500 index advanced 3.5% and the Nasdaq composite surged 4.6%.
The rally brought the winning streak for the blue-chip Dow and broader S&P 500 index to four straight sessions.
Stocks staged a comeback Wednesday afternoon as investors cheered the latest addition to President-elect Obama's economic team and looked beyond dismal economic news.
Obama announced Wednesday the creation of a special economic advisory board to be headed by former Federal Reserve Chairman Paul Volcker. Volcker is the latest addition to the economic team Obama announced this week.
Oil prices fell Thursday amid ongoing concerns about the economy. U.S. crude for January delivery tumbled 86 cents to $53.58 a barrel in electronic trading on the New York Mercantile Exchange.
In currency trading, the dollar slipped against the yen and was little changed versus the euro. 
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