Markets & Finance

Gold Weighs on Canada Stocks


Canada's benchmark S&P/TSX suffered a loss as gold stocks weighed on the index, despite advances in technology stocks. The index fell 17.86 points, or 0.2%, to 7,460.71. A slump in the natural resources sectors also pressured Canadaian stocks, although six of the TSE's 10 sub-indices finished higher.

European markets ended mixed. In London, the Financial Times-Stock Exchange 100 index ended with a gain of 7.80 points, or 0.16%, to 4,928.20, although Abbey National was down after saying it would miss earnings expectations. There was little reaction to a report that UK PPI rose 0.3% in May.

In France, the CAC 40 was up 4.67 points, or 0.12%, to 4,024.94. And in Germany, the DAX Index was down 20.92 points, or 0.45%, to 4,589.26, after a report that German retail sales fell 2.4% in April restrained many traders who are uncertain about the economy.

In Asia , the markets finished mixed. The Nikkei fell 68.32 points, or 0.60%, to close at 11,370.21 points, led by exporter shares on renewed concerns over U.S. corporate earnings after the poor earnings guidance from Intel last week. A higher-than-estimated increase in Japan's April Machinery orders was offset by the bleak market sentiment.

In Hong Kong, the market gained 4.13 points, or 0.04%, to close at 11,288.84.


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