Canada Shares Inch Higher
Canada's benchmark TSE 300 managed to edge into positive territory in the final few minutes of Tuesday's session. While a three-point gain to 8094.8 may not appear significant, the recovery off 7967 is very encouraging. The bullish reversals in the DJIA and gold helped. S&P will look for the TSE 300 to continue higher on Wednesday. Of the 14 subindices, ten closed up, lead by the Financials and Golds, while the Industrials lead and the other four subindices lower.
European markets closed lower. Finnish mobile-phone maker Nokia's warning hit the markets, and London's Financial Times-Stock Exchange 100 index lost 56.50 points, or 0.96%, to 5,804. In Germany, the DAX Index was down 106.32 points, or 1.73%, to 6,056.42. In France, the CAC 40 fell 106.53 points, or 1.97%, to 5,311.94.
Asia markets finished lower. The Nikkei 225 plunged 386.38 points, or 2.92%, to 12,840.10 -- ending below the psychologically important 13,000 level. There were losses across all sectors. In Hong Kong, the market lost 148.81 points, or 1.09%, to 13,526.68.