Shares Rise in Brazil, Canada and Europe

By BLOOMBERG NEWS
Published: May 25, 2009
European stocks rose for the first time in three days as a rally in health care and food shares overshadowed North Korea’s first nuclear test in three years. Brazilian and Canadian shares advanced.
The French drug maker Sanofi-Aventis climbed 1.6 percent after it received a $190 million order to make swine-flu vaccines. Nestlé, the food company, increased 1.4 percent.
Europe’s Dow Jones Stoxx 600 index gained 0.2 percent to 207.36, after falling as much as 0.9 percent earlier.
“So much money has been thrown at the situation, so there is some hope,” said Holger Kerzel of MEAG Munich Ergo KAG in Munich. “We’re going to see some strength back in the market quite soon.”
Brazilian stocks gained for a second day after the country’s consumer confidence jumped to the highest level in eight months. The Bovespa index added 0.5 percent to 50,816.24.
Canadian stocks advanced for a second day, led by bank shares. The Standard & Poor’s/TSX Composite index gained 0.8 percent to 10,069.50.
Markets in the United States were closed for Memorial Day.