Canada Shares Drop

European bourses also post losses, while Asian markets move higher

Canada's benchmark S&P/TSX Composite index ended Tuesday's session with a loss of 57.14 points, or 0.81%, to 7,034.84.

European markets ended lower Tuesday. In London, the Financial Times-Stock Exchange 100 index was down 58.40 points, or 1.27%, to 4,542.90, taking a cue from U.S. stocks. In France, the CAC 40 shed 39.34 points, or 1.02%, to 3,819.01. And in Germany, the DAX Index lost 72.57 points, or 1.63%, to 4,369.76. In economic news, German unemployment rose 39,000, to a 9.8% rate in June from 9.7% in May, while German industrial production fell 1.3% in May, which was worse than expected.

In Asia, the markets finished higher on Tuesday, on hopes the U.S. economy would recover. Stability in the currency market also supported equities. The Nikkei gained 191.05 points, or 1.77%, to 10,960.25. In Hong Kong, the market added 39.70 points, or 0.37%, to 10,843.15.

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