Markets & Finance

Canada Stocks Follow Wall Street Higher


Canada's benchmark S&P/TSX rose 93.11 points, or 1.43%, to 6,597.20.

European markets were mostly higher on strength in financial stocks though Nokia's disappointing sales put a lid on gains. In London, the Financial Times-Stock Exchange 100 index ended down 8.90 points, or 0.23%, to 3,925.00. In Germany, the DAX finished up 102.42 points, or 3.34%, to 3,167.99. In France, the CAC 40 Index finished up 27.12 points, or 0.87%, to 3,142.75.

Asian markets finished down. In Japan, the Nikkei 225 index shed 23.53 points, or 0.27%, to close at 8,804.52. Lackluster sentiment in the U.S. market on Monday discouraged interest in high-tech stocks in Tokyo. Investors seemed to prefer defensive stocks such as pharmaceuticals and utilities. In Hong Kong, the benchmark Hang Seng index ended down 10.49 points, or 0.11%, to close at 9,857.99.


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