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Canada Shares Dip in Thin Trading

Canada's benchmark TSE 300 index closed lower by 40.86 points to 7641.2 in thin trading. Market volatility should subside as the majority of the companies have already reported their results for the second quarter. Focus now shifts to the Canadian GDP report for May which is due for release Tuesday and the US and Canadian employment report at the end of the week.

European markets gained ground with help from strength in technology and telecom stocks. In London, the Financial Times 100 gained 43.60 points, or 0.81%, to 5,446.70. In France, the CAC 40 Index finished up 66.56 points, or 1.34%, to 5,033.71. Germany's DAX Index was up 37.33 points, or 0.65%, to 5,792.19.

Asian markets ended lower. In Japan, the Nikkei 225 Index lost 218.81 points, or 1.85%, to close at 11,579.27. In Japan, industrial production fell for the fourth straight month in June, bringing renewed attention to the ruling coalition's daunting task of reforming Japan's economy. Meanwhile, Japan's ruling coalition won the upper house election on Sunday.

Hong Kong's Hang Seng Index shed 95.51 points, or 0.78%, to close at 12,086.66.

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