Europe Stocks Slide on News of Plane Crash
Canadian stocks ended slightly higher Monday, with the TSE 300 composite ending with a gain of 14.21 points, or 0.20%, at 7,223.90. Stocks had weakened in sympathy with the U.S. markets, but rebounded by the end of the session.
European markets finished lower Monday following news of the plane crash in the U.S. In London, the Financial Times-Stock Exchange 100 index fell 98 points, or 1.87%, to 5,146.20, as Britian's Producers Price index fell 0.6% on a annualized basis -- the largest slide since 1958, raising concerns about deflation. In France, the CAC 40 dropped 137.70 points, or 3.05%, to 4,376.58. And in Germany, the DAX Index was down 128.11 points, or 2.61%, to 4,781.96.
Asian markets ended lower. Japan's Nikkei fell 134.15 points, or 1.31%, to 10,081.56 on losses in exporters and brokerages issues swelled in the afternoon. In Hong Kong, the Hang Seng index lost 16.80 points, or 0.16%, to 10,592.45.