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Markets & Finance

Canada Stocks Climb on Rate Hike

Canada's benchmark S&P/TSX added 17.90 points to 6,695.66, after the Bank of Canada raised interest rates by a quarter point.

European stock markets ended mostly higher as Greenspan appeared to calm worries over U.S. economic recovery. In London, the Financial Times-Stock Exchange 100 index finished up 27.40 points, or 0.69%, to 4,021.90. In economic reports there, inflation dropped to record 1.5% in June, but some also worried about government spending plans. France's CAC 40 fell 5.93 points, or 0.18%, to 3,317.81. Germany's DAX index added 65.24 points, or 1.67%, to 3,977.75.

Asian markets ended lower. In Japan, the Nikkei 225 index lost 124.73 points or 1.20%, to 10,250.42. The Nikkei's losses deepened due to uncertainty over global equities and currencies in the wake of fragility of the U.S. markets. In Hong Kong, the benchmark Hang Seng index fell 160.17 points, or 1.51%, to close at 10,421.49.

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