Key Canada Index Bounces Back
The TSE 300 saw a reversal of Tuesday, slipping in morning then recovering at close with a 53.6 point gain to 7945.3. The strong closes in the U.S. indices were a support. Eleven of the 14 subindices closed up lead by the Industrials and Utilites issues. Gold and Forest Products were the big lossers (spot gold slid $2.10 Wednesday and there were some earnings disappointments in the Forest sector). Today's bullish reversal bodes well and the TSE 300 is expected to continue climbing Thursday.
Stock markets in Europe were lower. London's Financial Times-Stock Exchange 100 index ended down 12.80 points, or 0.22%, to 5,827.50. In Germany, the DAX Index fell 0.03 points, at 6,124.54. In France, the CAC 40 finished down 16.59 points, or 0.31%, to 5,407.84.
Asia markets finished mixed. Japan's Nikkei 225 index finished up 84.32 points, or 0.61%, to 13,827.50. Hong Kong's Hang Seng Index fell 25.06 points, or 0.19%, to 13,249.55.