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Markets & Finance

Canada Shares Slip at Close

Canada's benchmark S&P/TSX fell 9.50 points to 7,129.93. Four of the TSE's 10 sector indices rose, with energy, industrials and telecommunications services finishing higher.

European markets closed lower. In London, the Financial Times-Stock Exchange 100 index was off 63.40 points, or 1.38%, to 4,541.90 as rising currency is making UK stocks expensive. The pound sterling is up to $1.5045 amid fears that the U.S. economy is stalling.

In France, the CAC 40 was down 130.29 points, or 3.43%, to 3,669.24.

Germany's DAX index was off 105.19 points, or 2.49%, to 4,127.22 as the euro surged to two-year high of $0.9801 amid perception that the U.S. economy is stalling and the greenback is overvalued.

Asia markets finished higher. In Japan, the Nikkei 225 index finished up 116.27 points, or 1.13%, to close at 10,471.32 as Tokyo stocks recovered from early losses in the Monday afternoon session led by exporter shares, piggybacking the yen's weakening to the 122.80 level against the U.S. dollar on the back of Japan's intervention to sell its currency.

In Hong Kong, the benchmark Hang Seng index ended up 65.48 points, or 0.62%, to close at 10,657.34.

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