Canada Shares Finish Down
Canada's benchmark S&P/TSE 300 moved steadily lower throuhout the day and closed down 82.8 points to 7,581.10. The drop in oil overnight an the correction lower in gold were already pressures for the index. Monday afternoon's sell off in the U.S. stock markets was an added heavy pressure. The technical posture of the TSE has been bearish since the April 19 failure to extend above 7.900.
European markets finished mixed. In London, the markets were closed for a bank holiday. On Friday, the Financial Times-Stock Exchange 100 index gained 29 points, or 0.56%, to 5,203.10. On Monday in France, the CAC 40 closed up 12.34 points, or 0.28%, to 4,367.26. In Germany, the DAX Index slipped 2.10 points, or 0.04%, to 4,880.67, while an engineering workers strike has pressured automaker Daimler-Chrysler. It's the first big strike in Germany since 1995.
In Asia , the markets ended lower. The Nikkei was closed Monday for Children's Day, but on Friday slipped 1.78 points, or 0.02%, to 11,551.01. In Hong Kong Monday, the market lost 61.02 points, or 0.52%, to 11,736.20.