Markets & Finance

Canada Shares Slip at Close


Canada's benchmark S&P/TSX fell 31.25 points to 7,580.56 amid investors' shaky confidence in the stock market. The U.S. SEC's ongoing investigation into some of coporate America's accounting practices dampened enthusism for stocks. Moreover, Pakistan's decision to redeploy troops from its border with Afghanistan to India weighed on Bay Street.

European markets ended lower. London's FTSE 100 index was down 42.20 points, or 0.83%, to 5040.80 as UK house prices rose 2.1% in May or 17.9% in annualized basis, the fastest annual pace since 1964. At the same time, consumer lending rose record 7.67 billion pounds in April as the lowest interest rates in 38 years triggered consumer spending.

In Paris, the CAC-40 was down 74.71 points, or 1.72%, to 4,260.14 following a report that the European Union trimmed second quarter economic estimates after reporting weaker than expected first quarter GDP.

Germany's DAX index was off 119.84 points, or 2.45% to 4,761.96 on US stocks trading lower. Some investors are disappointed that EuroZone first quarter GDP rose a less than expected 0.2%. The European Union trimmed second quarter estimates.

Asian markets closed lower.

The Nikkei index in Japan was down 82.97 points, or 0.70%, to 11,770.03 led by exporter shares following the weak finish on Wall Street in the wake of earnings concerns.

The Hang Seng index in Hong Kong was off 50.05 points, or 0.44%, to 11,380.61.


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus