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Markets & Finance

Canada Markets Finish Lower

Canada's benchmark TSE 300 opened under pressure and losses quickly stalled. With U.S. indexes as a weight, the TSE 300 dropped 1.90 points, to 7,864.20. The financials and oils subindexes rose.

European markets closed mixed, with the buying mood tempered after the weaker than expected U.S. retail sales data, which has moderated perceptions of a strong economic recovery. In London, the Financial Times-Stock Exchange 100 index closed up 19.50 points, or 0.37%, to 5,272. In France, the CAC 40 finished down 26.88 points, or 0.59%, to 4,523.77. In Germany, the DAX Index was off 29.82 points, or 0.57%, to 5,245.99.

Asia markets ended with losses. The Nikkei fell 192.02 points, or 1.65%, to 11,415.31, as profit-taking mushroomed after a sharp rise earlier this week. Also, the Nikkei failed to show any positive reaction to an announcement that the Government Pension Investment Fund (GPIF) plans to invest some funds in domestic stocks in fiscal year 2002. And in Hong Kong, the market lost 56.36 points, or 0.50%, to 11,217.50.

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