Markets & Finance

Europe Markets End Lower


European markets finished down on the heels of lower than expected manufacturing data from the U.S.

In London, the Financial Times-Stock Exchange 100 finished down 36.60 points, or 0.90%, to 4,031.20, amid mixed economic data. May U.K. mortgage lending rose at the slowest pace since September, while investors fret over whether the Bank of England will cut rates soon, especially since revised figures showed first quarter GDP was slow.

In Germany, the DAX Index fell 4.08 points, or 0.13%, to 3,220.58, amid news that an auto union strike ended. Separately, retailers said they would benefit from government's planned tax cut. In France, the CAC 40 lost 24.92 points, or 0.80%, to 3,084.10.

In Asia, markets ended lower. Japan's Nikkei index ended Monday down 0.23% at 9,083.11, though investors bid up tech stocks. Exporters like carmakers Honda and Toyota lost ground. In Hong Kong, the Hang Seng index slipped 80.09 points, or 0.83%, to 9,577.12.

Canada's benchmark S&P/TSX rose 4.02 points, or 0.06%, to 6,983.14.


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