Canada Shares Drop at Close
Canada's benchmark TSE 300 spent the day in negative territory and closed down a hefty 105 points to 7,751.00. Earnings warnings were the theme. Key Utility stock BCE, which warned late last week, remained under heavy pressure. Hefty losses in the U.S. indices were also a heavy weight. 12 of the 14 subindices closed down, led by the Industrials and the Utilites.
European stocks followed U.S. stock performance Monday, ending lower. In London, the Financial Times-Stock Exchange 100 index finished down 46.90 points, or 0.89%, to 5,203.60. In France, the CAC 40 lost 13.21 points, or 0.29%, to 4,588.36. In Germany, the DAX Index fell 48.75 points, or 0.91%, to 5,317.38.
Asia markets ended lower. In Japan stocks slipped ground for a third straight session in thin fiscal year-end trading. Technology issues led losses on the benchmark Nikkei average, which fell 83.99 points, or 0.74%, to 11,261.09. Hong Kong's Hang Seng index dipped 26.43 points, or 0.24%, to 10,836.64.