Key Canada Index Declines
Canadian stocks closed mixed. Merchandising and Paper & Forest Products sectors rebounded from earlier weakness. Gold & Precious Minerals issues rose with help of higher gold prices. Other sectors fell, as investors cashed in on Thursday's rally. The TSE 300 fell 97.48 points to 7474.80, after rising 156.83 Thursday. The S&P/TSE 60 fell 7.03 to 435.08. Breadth was 594-528 positive. Government of Canada bonds rose. The June Canadian dollar settled slightly higher at 63.96 cents vs. the U.S. dollar. May crude settled $0.20 lower at $27.06. April gold settled $1.90 higher at $260.00.
Stocks in Europe were trading lower as profit warnings and a weak U.S. jobs report squashed hopes of market rallies there. The Financial Times-Stock Exchange 100 index closed down 20.30 points,or 0.36%, to 5,601.50. In Germany, the DAX Index fell 74.46 points, or 1.29%, to 5,139.71. In France, the CAC 40 ended down 18.85 points, or 0.37%, to 5,139.71.
Asian markets finished mixed. Japan's Nikkei 225 Index gained 2.38 points, or 0.02%, to close at 13,383.76 while Hong Kong's Hang Seng Index added 322.90 points, or 2.68%, to close at 12,386.61.