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Markets & Finance

Canada Stocks Inch Lower


Canada's benchmark S&P/TSX fell 14.52 points, or 0.23%, to 6,396.63.

European markets finished mixed as a World Bank projection that war in Iraq will cut first-half global growth by a half percentage point. In London, the Financial Times-Stock Exchange 100 index finished up 17.70 points, or 0.47%, to 3,771.10. In Germany, the DAX fell 19.54 points, or 0.75%, to 2,569.81. In France, the CAC 40 Index gained 44.81 points, or 1.63% to 2,788.69.

Asia markets finished down as worries about SARS continued. Asia's economic outlook is dimming due to the outbreak of SARS. The tourism, retail and consumer-services sectors are hurting most. Morgan Stanley cut its 2003 growth forecast for Asia, excluding Japan, to 4.5% from 5.1%, if the impact of SARS lasts one quarter. In Tokyo, the Nikkei 225 index lost 52.10 points, or 0.65%, to close at 8,017.75. In Hong Kong, the benchmark Hang Seng index fell 58.03 points, or 0.67%, to close at 8,648.16.


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