Markets & Finance

Europe Markets End Lower


European markets finished lower on Wednesday. "There was a closer eye on yesterday's weaker data in the U.S., together with weak French data, and the safety bid emerging from heightened geo-political tensions," says MMS. In London, the Financial Times-Stock Exchange 100 index ended down 33.40, or 0.79%, at 4,217.40.

In Paris, the CAC 40 ended down by 30.36 points, or 0.92% at 3,280.34. Germany's DAX index finished down 1.68 points, or 0.05% to 3,502.85. The German cabinet said that the economy, which faltered in the second quarter, might recover in the third quarter.

Asian markets finished mixed. Once again, Japan's Nikkei 225 index pushed strongly ahead, adding 1.16% to finish at 10,292.06. "Profit taking was seen on some high-techs in the morning, as investors started to worry about an overbought market," says MMS. Tokyo Electron lost 2.58%, and Advantest declined 1.87%, dragged lower by disappointing quarterly earning results from Hewlett-Packard. In Hong Kong, the Hang Seng index slipped 33.96 points, or 0.32%, to close at 10,475.33.

Canada's benchmark S&P/TSX rose 16.16 points, or 0.22%, to 7,491.07.


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