Markets & Finance

Canada Stocks End Higher


Canada's benchmark S&P/TSX rose 10.69 points to 7,024.08.

European stock markets fell amid worries that corporate accounting problems found at Vivendi will be revealed throughout Europe. In London, the Financial Times-Stock Exchange 100 index ended down 154.20 points, or 3.39%, to 4,392.60 on some mixed economic data.

France's CAC 40 lost 112.33 points, or 3.01%, to 3,623.33. Germany's DAX index declined 57.80 points, or 1.38%, to 4,138.15. There was little reaction to economic reports.

Asian markets ended higher. In Japan, the Nikkei 225 index gained 189.98 points, or 1.79%, to close at 10,812.30, driven by gains in bank stocks. Nikkei news that a private panel of ministers for the Financial Service Agency presented in a draft report two ways of employing public funds to resolve the non-performing loan problem attracted buyers to bank shares.

In Hong Kong, the benchmark Hang Seng index gained 87.43 points, or 0.83%, to close at 10,579.19.


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