World Markets End Mixed

In Canada, the BoC is expected to deliver another super-sized rate cut of 50 basis points at its Nov. 27 meeting

European markets were mixed. In London, the Financial Times-Stock Exchange 100 index was up 15.10 points, or 0.28%, to 5,313.80. In France, the CAC 40 was down 36.49 points, or 0.79%, to 4,557.03. In Germany, the DAX Index was off 9.15 points, or 0.18%, to 5,087.03.

Asian markets finished mixed. The Nikkei added 85.46 points, or 0.81%, to 10,661.08. In Hong Kong, the market shed 51.87 points, or 0.46%, to 11,173.92.

Canada's TSE 300 experinced another round of profit taking activity, but the underlying trend is still bullish and the pullback would not invalidate this posture as long as the baseline support of 7190 remains intact. The policy environment remains accomodative with the BoC expected to deliver another chunky rate cut of 50 basis points at its Nov. 27 scheduled policy annoucement date. Interest rate sensitive stocks may yet benefit. The near term chart target of 7688 is still relevant.

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