Markets & Finance

European Markets End Mixed


Canada's benchmark S&P/TSX index closed up 39.5 points to 6742.4. All but two ofthe subindices closed up and this broad based participation and close just off the session high argue for continued upticks, according to MMS International.

European markets enjoyed a slight rebound in early trading Wednesday, but closed mixed. Germany's DAX index was up 12.6 points, or 0.43%, at 2,922.55. Deutsche Lufthansa, Europe's third-largest airline, reported a loss of 360 million euros in its first quarter, saying that it expects a pre-tax loss this year. The company suffered from a slower economy, and travelers' concerns about severe acute respiratory syndrome, and the war in Iraq. The airline's first-quarter sales dipped 4.6 percent to 3.7 billion euros.

In France, the CAC 40 index closed down 0.06% at 2,961.83.

London's FTSE 100 index snuck past the 4,000 mark, but then slipped right back below on Wednesday, to close at 3,975.00, down 0.62%.

April labor data arrived in the U.K. Wednesday morning, and surprised analysts by showing unemployment claims falling.

Asian markets closed mixed. Japan's Nikkei 225 average closed

0.7% higher, at 8,244.91. Leading the Nikkei higher: Sony (SNE), which surged 4.1% on news that the company would market a new handheld PlayStation game device by the end of next year. Phone giant NTT finished 1.6% higher.

In Hong Kong, the Hang Seng index finished down 0.17% to 9,103.69.


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