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Markets & Finance

Gold Shares Offset Canada Losses

Canada's benchmark S&P/TSX fell a modest 49.08 points, or 0.7%, to 7,498.85 as a rise in gold stocks buoyed the index amid a tech sell-off. Tech giant Nortel Networks fell.

Europe markets finished mixed. In London, the Financial Times-Stock Exchange 100 index was off 31.50 points, or 0.63%, to 4,957.60. In economic news, the CIPS building index fell to 56.1 in May from 56.6 in April. In France, the CAC 40 added 18.67 points, or 0.46%, to 4,098.18. And in Germany, the DAX Index was up 33.21 points, or 0.72%, to 4,657.52, on a report that German April factory orders rose 2.3% due to increased domestic demand.

Asia markets ended lower. The Nikkei lost 88.93 points, or 0.76%, to 11,574.94, in the wake of caution ahead of the Friday's first quarter GDP outcome for Japan, as a lower-than-estimated report on first-quarter capital spending, released Wednesday, sparked fresh jitters over the country's economy and prompted analysts to revise down their GDP estimates. In Hong Kong, the market lost 21.61 points, or 0.19%, to 11,380.77.

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