Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Wary of U.S. Economy, Canada Shares Inch Up


The TSE 300 managed a 31.7 point gain to close at 8041.7. This was actually a negative close considering the favorable Fed move (50-basis-point cuts in both the Fed funds and discount rates and maintaining easing bias). The bearish reversal in the DJIA was a weight. The concern is that the Fed will continue to cut aggressively as they are very worried about the state of the U.S. economy.

European markets were trading higher, after selling off on Monday. London's Financial Times-Stock Exchange 100 index ended up 152.40 points, or 2.68%, to 5,842.90. Germany's DAX Index added 5.70 points, or 0.09%, to 6,070.38. In Paris, the CAC 40 gained 56.41 points, or 1.03%, to 5,544.13.

Asian markets ended mixed. Japan's Nikkei 225 index advanced 181.01 points, or 1.30%, to 14,054.03. In Hong Kong, the Hang Seng index lost 9.08 points, or 0.07%, to 13,250.09.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus