Markets & Finance

Europe Stocks Close Mixed


European stocks closed mixed, with investors waiting for a ruling from the FOMC meeting in Washington. Corporate news was sparse on Wednesday, though U.K. electrical retailer Dixons, is higher after noting a rise in confidence among its customers. Airline KLM traded lower on news that it plans to cut thousands of jobs.

London's FTSE 100 index was 14.10 points higher, or 0.35%, closing at 4,075.

In Paris, the CAC-40 index was closed up 5.36 points, or 0.17%, at 3,108.70. In Frankfurt, the DAX index finished the day down 17.06 points, or 0.53%, at 3,200.28.

Asian markets finished mixed on Wednesday. Japan's Nikkei 225 index gained 13 points, or 0.15%, to finish the day at 8,932.26. Traders were waiting to learn the results of the FOMC meeting in Washington. While many high-tech and blue-chips were down on profit taking, laggards and companies with specific news continued attracting buyers, says MMS. Canon lost 0.73%, Honda Motor declined 1.79%, Tokyo Election fell 0.77%, and Matsushita Electronics edged down 0.18%. Sony fell 1.8%. Meanwhile, Furukawa Electronics jumped 4.12%. Nippon Steel gained 1.96%, and Mitsubishi Heavy Industry moved 2.38% higher. In economic news, the Bank of Japan left monetary policy unchanged by unanimous vote, as was expected.

Hong Kong's benchmark Hang Seng index closed mostly unchanged. Stocks fell just 0.36 points, closing at 9,628.99.

Canada's benchmark S&P/TSX fell 18.26 points, or 0.26%, to 6,970.62.


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