Intel News Hurts Canada Shares
Canadian stocks closed mixed as issues tied to merchandising, paper, pipelines and real estate rebounded from broader market weakness. The TSE 300 fell 92.13 to 8135.50, pressured by a profit warning from Intel and stronger than expected U.S. jobs data. The S&P/TSE 60 fell 5.96 to 474.70. Breadth was 711-584 positive. U.S. jobs data curbed hopes for quick Fed rate-cut action. Government of Canada bonds weakened. The June Canadian dollar settled higher at 64.77 cents vs. U.S. dollar. April crude settled $0.47 lower at $27.92. April gold settled $5.40 higher at $271.50.
European markets finished down. The London Financial Times-Stock Exchange 100 index closed off 85.90, or 1.43%, to 5,917.30. In Germany, the DAX Index ended down 62.56, or 1%, to 6,204.50. Meanwhile, France's CAC 40 Index closed down 69.77, or 1.28%, to 5,368.89.
In Asia, the markets also ended lower. Japan's Nikkei 225 Index closed down 22.66, or 0.18%, to 12,627.90. Hong Kong's Hang Seng index, meanwhile, finished down 14.60, or 0.10%, to 14,194.35.