Markets & Finance

Canada Shares Fall on U.S. Retail Report


Canada's benchmark TSE 300 fell 82 points, or one percent, to 8,012.70 amid a weaker-than-expected gain in U.S. retail sales. Of the 14 subindices, 11 fell -- led by the tech-heavy industrial products group -- and three rose, led by the financial services sector.

European markets closed higher. In London, the Financial Times 100 ended higher by 16.20 points, or 0.28%, to 5,820.20, after the government reported unemployment claims fell 3,200 in May to a 26-year low and the jobless rate remained at 3.2%, while U.K. annual wages rose 5.2%. Germany's DAX Index gained 52.79 points, or 0.87%, at 6,111.94, amid a report German that retail sales rose much higher than expected 5.0% in April, its first gain in 3 months. In France, the CAC 40 finished up 41.69 points, or 0.78%, to 5,353.63.

Asian markets ended lower. In Japan, the Nikkei 225 Index ended down, losing 16.65 points, or 0.13%, to finish the session at 12,823.45. Hong Kong's Hang Seng index lost 3.37 points, or 0.02%, to 13,523.31.


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