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More Losses for Canada Markets

Canada's benchmark TSE 300 fell 39.18 to 7431.80.

Of the 14 subindices, 11 closed down lead by the heavily

weighted Financials.

European stocks fell. In London, the FTSE 100 index ended with a loss of 68.40 points, or 1.34%, to 5024.10 as the U.K. posted a smaller than expected trade surplus in December, and M4 money supply grew a smaller than expected 0.4% rate in January. In Germany, the DAX Index was down 21.75 points, or 0.46%, to 4742.30 as German building orders fell 9.8% in December. In France, the CAC 40 index finished with a decline of 17.37 points, or 0.41%, to 4238.99.

Asian markets finished lower. In Japan, the Nikkei lost 13.03 points, or 0.13%, to close at 9,834.13 as gains in defensive stocks and companies with firm earnings prospects offset declines in the technology and telecommunications sectors. In Hong Kong, the Hang Seng lost 91.43 points, or 0.84%, to close at 10,749.06.

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