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Markets & Finance

Nortel Leads Canada Shares Lower

The TSE 300 spent the day in negative territory and closed with a 62.9 point loss to 7955.5. The drop in Nortel and in the U.S. indices plus natural caution ahead of the U.S. employment report all contributed. The focus Friday morning will be on this key data. Given the bearish technical posture, even if the data is received favorably the best the TSE 300 will manage is a one day pop, then back down Monday.

In London, the Financial Times 100 closed down 140.30, or 2.38%, to 5763.90. Germany's DAX Index lost down 111.00, or 1.79%, to close at 6102.84. In France, the CAC 40 ended down 112.04, or 2.01%, to 5460.87.

Japan's equity markets were closed in observance of Constitutional Memorial Day. The markets will also be closed on Friday. In Hong Kong, the Hang Seng shed 96.10, or 0.70% to finish the session at 13718.14.

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