Markets & Finance

Financials Lead Canada Shares Higher


Canada's benchmark TSE 300 closed up 78 points to 7,800.1. Gold enjoyed a bullish reversal and is now up over US$2.50. Most heavily weighted subindex, the Financials, led 11 of the 14 subindices higher. Plus U.S. indexes enjoyed solid gains -- note the 173 point gain in the Dow Jones Industral Average.

European markets finished higher. In London, the Financial Times-Stock Exchange 100 index was up 49.50 points, or 0.96%, to 5,229.10, taking a cue from U.S. equities. In France, the CAC 40 added 57.92 points, or 1.30%, to 4,521.83. In Germany, the DAX Index gained 95.11 points, or 1.84%, to 5,265.36, as the country's balance of trade widens due to signs of an economic recovery.

In Asia, the markets ended mixed. Japan's Nikkei climbed 104.09 points, or 0.94%, to 11,218.58, led by the banking sector. In Hong Kong, the Hang Seng index fell 90.55 points, or 0.84%, to 10,643.14.


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