Markets & Finance

Europe Stocks End Mixed


Canada's benchmark TSE 300 rose 64.90 points, or 0.9 percent, to 6,903.80 after dropping as much as 50 points earlier in the session. News that Cisco reaffirmed its Q1 outlook and indicated that it is comfortable with the Street's earnings estimates brought cheerful news to the technology sector. Canadian stocks also benefitted, reversing morning

losses. Of the 14 subindices eight fell and six rose.

Europe markets finished mixed. In London, the Financial Times-Stock Exchange 100 index finished higher by 49.50 points, or 1.02%, to 4,881.80. The biggest contributors to the gain were drug maker GlaxoSmithKline and financial services company HSBC Holdings

Germany's DAX Index surged 132.46 points, or 3.08%, to 4,436.66. The biggest contributors to the gain in the DAX have been insurance concern Munich RE and business management software maker SAP. In economic news there, the Reuters European purchasing managers index of services fell to 49.0 in September, from 51.7 in August, suggesting economic contraction. European Central Bank's Welteke says he doesn't see a recession in Europe this year, but says growth next year might not reach potential.

In France, the CAC 40 finished down 20.41 points, or 0.50%, to 4,024.25.

Asia markets ended lower. The Nikkei fell 212.33 points, or 2.09%, to 9,924.23, on profit-taking in telecom and auto stocks, reflecting concerns of lower earnings going into the second half of the fiscal year. Meantime, Hong Kong's Hang Seng stumbled 53.56 points, or 0.54%, to 9,897.14.


Later, Baby
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus