Canada Shares Slide on Weak Alcan Earnings
Canada's benchmark TSE 300 index resumed its downtrend with a vengeance Monday, dropping 122 points to 7643.70. The negative earnings surprise from key metal company Alcan, which plunged 11.1% Monday, the selloff in the U.S. indices and a still very weak technical posture were all factors.
European markets ended lower. In London, the Financial Times-Stock Exchange 100 index was down 19.90 points, or 0.36%, to 5,517.10. In Germany, the DAX Index shed 85.87 points, or 1.45%, to 5,842.14. In France, the CAC 40 lost 2.48 points, or 0.05%, to 5,022.76.
Asia markets finished mixed on some profit taking. The Nikkei lost 11.78 points, or 0.10%, to 12,343.37. In Hong Kong, the market gained 11.74 points, or 0.09%, to 12,624.53.