European Stocks Fall

Nikkei edges higher; Canadian markets rebound

European markets closed lower as investors worried about the slowing European economy. In London, the Financial Times 100 slipped 44.50 points, or 0.84%, to close at 5,275.70 The biggest contributors to the decline in the FTSE included Vodafone, Barclays, LLoyds and Royal Bank of Scotland. The FTSE 100 is at a 33-month low as investors remain concerned about earnings and an economic slowdown.

In France, the CAC 40 Index fell 82.43 points, or 1.70%, to 4,773.17. Germany's DAX Index was lower by 80.50 points, or 1.42%, to end the session at 5,582.76.

In Japan, the Nikkei 225 nudged higher by 8.36 points, or 0.07%, to close at 11,891.61 as pension funds took profits after the index was unable maintain strength above 12,000. Meanwhile, Hong Kong markets were closed as the region was buffeted by a typhoon.

Canadian stocks rose along with the rebound in U.S. equity markets. The TSE 300 closed up 37.31 points to 7623.82.

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