European Markets End Lower

Asia stocks drop; Canada shares end with losses

European stock markets were lower Wednesday. In London, the Financial Times-Stock Exchange 100 shed 50.6 points, or 1.23%, to 4,070.4, on profit taking and some uncertainty about the global economy.

In Germany, the DAX Index fell 62.7 points, or 1.82%, to 3,375.66, as German unemployment rose a disappointing 7,000 as government reforms have not taken hold yet. There was also a report by the DIW economic institute that said Germany probably fell into recession in the second quarter, although June factory orders rose. In France, the CAC 40 was down 61.46 points, or 1.93%, to 3,126.15, following news that French consumer confidence was unchanged in July.

In Asia, major stock indexes ended lower. Japan's Nikkei index finished down 58.67 points, or 0.63%, to 9,323.91, in a low-volume trading session. Meanwhile, Hong Kong's Hang Seng index fell 189.84 points, or 1.87%, to 9,987.54.

Canada's benchmark S&P/TSX fell 50.48 points, or 0.70%, to 7,139.06.

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