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Markets & Finance

Canadian Stocks Give up Gains


Canada's benchmark TSE 300 was not only unable to hold its 50-plus point gain but closed in negative territory, down 4.2 points, or 0.54% to 7702.90. While a four-point slide is not significant, the bearish reversal is. Tuesday's quick bearish reversal in Nortel, the bearish reversal in the Dow Jones Industrial Averge and the pullback in the NASDAQ all were factors. S&P will look for the TSE 300 to experience heavier losses Wednesday.

European markets finished higher on optimism from Oracle's report. In London, the Financial Times 100 ended higher by 8.80 points, or 0.16%, to 5,680.40. Germany's DAX Index closed up 53.49 points, or 0.91%, at 5,922.53. In France, the CAC 40 finished up 39.13 points, or 0.76%, to 5,199.41.

Asian markets ended mixed. In Japan, the Nikkei 225 Index ended down 123.53 points, or 0.97%, to finish at 12,574.26. Hong Kong's Hang Seng index added 184.88 points, or 1.43%, to 13,133.66.


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