Canada's benchmark TSE 300 index lost its bullish momentum Wednesday as stocks came under selling pressure following several downgrades in the oil and gas sector and profit warning from high-profile tech name Sierra Wireless. The index closed lower by 41 points. or 0.53%, to the 7,646 level.
Most European markets ended mixed as the euro currency was introduced with few problems reported. In London, the Financial Times-Stock Exchange 100 index inched up 0.90 points to 5,218.30. The CIPS manufacturing fell slightly for tenth consecutive month and the Hometrack survey showed UK house prices rose 0.1% in December.
In Germany, the DAX Index gained 7.78 points, or 0.15%, to 5,167.88 amid reports that Germans are worried about unemployment and pensions as some brokerages issue bullish forecasts. And in France, the CAC 40 was down 44.14 points, or 0.95%, to 4,580.44.
In Japan, the markets are closed until Thursday for the holidays. The Nikkei ended 2001 at 10,542.62. In Hong Kong on Wednesday, the Hang Seng shed 46.36 points, or 0.41%, to 11350.85.