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Markets & Finance

Canada Stocks End in the Red


Canada's benchmark TSE 300 spent the day in negative territory and closed down 51.1 points to 7,842.30. After recent surges, gold and oil corrected lower, which were a weight. Heightened tensions in the Middle East and declines in the U.S. indexes were also heavy weights.

European stocks ended mixed. In London, the FTSE 100 index was off 3.60 points, or 0.07%, at 5,247.80 on economic growth uncertainties in light of the escalating Middle East crisis. There was little reaction to reports that the March building index rose and that housing prices rose at a slower pace than previous months.

In Paris, the CAC 40 index was up 4.93 points, or 0.11%, at 4,632.26.

In Frankfurt, the DAX index was off 29.24 points, or 0.55%, at 5,281.84 on worries about economic growth and consumer spending. There are some fears that the Middle East crisis could produce higher oil prices, which would stoke inflation and restrain recovery.

Asian markets closed mixed. In Tokyo, Japan's benchmark Nikkei 225 index closed up 196.22 points, or 1.75%, at 11,400.71. The indices were led higher not only by market heavyweight technology and telecom shares, but also lightweight chemical and other cheaply-priced stocks.

But Hong Kong's Hang Seng index was off 44.08, or 0.41%, at 10,833.96.


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