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Canada Shares Fall to Profit Taking

Canada's benchmark TSE 300 did open on a strong note and it did edge above 8,000. However, profit taking has set in and the TSE 300 is, midday, flat at 7959. There was a pullback in Oils and Industrials, but the trend is clearly up. The TSE 300 fell 47.81 points to 7910.30.

European markets rose amid strength in U.S. stocks. In London, the FTSE 100 index gained 3.60 points, or 0.07%, at 5,285.70. In Germany, the DAX index added 70.12 points, or 1.33%, to 5,359.55. In France, the CAC 40 index gained 12.61 points, or 0.27%, to 4,629.11.

Asian stocks ended higher as growing hopes of a U.S. economic recovery drove stock gains. In Japan, the Nikkei 225 index soared 237.45 points, or 2.04%, to 11,885.79. In Hong Kong, the Hang Seng index added 45.16 points, or 0.40%, to 11,233.23.

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