Europe Markets End Lower

Asia shares make modest gains; Canada shares decline at close

European stock markets ended in the red on Thursday. London's Financial Times-Stock Exchange 100 index finished down 31.9 points, or 0.73%, at 4,340.7. Marks & Spencer shed 5.3% after Philip Green pulled his bid for the retailer, which had been resisting the takeover.

Germany's DAX index lost 51.65 points, or 1.32%, to 3,847.19. In Paris, the CAC 40 index ended off by 38.2 points, or 1.05%, at 3,610.55. Nokia's weak earnings were weighing on the market, alongside higher oil prices, reports S&P's MarketScope.

Asian stock markets made small gains overnight. Japan's Nikkei 225 index added 52.49 points, or 0.46%, to end at 11,409.14. Gains in blue chips such as Toyota Motor (TM ) and tech stocks helped the index trim losses in late trade.

In Hong Kong, the Hang Seng index gained 6.58 points, to finish at 11,939.41.

Canada's benchmark S&P/TSX fell 60.97, or 0.72%, to 8,397.31.