Markets & Finance

Europe Markets Close Lower


European stock markets closed lower on Tuesday after selling off in the previous session.

London's Financial Times-Stock Exchange 100 index was up 15.80 points, or 0.36%, to 4,354.70 as the U.K. inflation rate unexpectedly fell to a 10-month low in October. Wireless company Vodafone was higher after raising its dividend and announcing a share buyback.

In Paris, the CAC 40 lost 6.38 points, or 0.19%, to 3,352.92. Some traders were disturbed that France's September current account surplus narrowed 34%. Among the stocks trading higher were Thales, Alstom and Carrefour.

Germany's DAX index was down 8.26 points, or 0.22%, to 3,666.28. There was little reaction to Federal Statistics Office report that German employment rose in the third quarter as economic growth firmed.

Asian stock markets finished higher. Japan's Nikkei 225 index advanced 110.22 points, or 1.13%, to finish at 9,897.05, thanks to bargain hunters, after its sharp decline yesterday. Although there was no specific news, large cap stocks such as NTT (+2.79%) and Sony (+1.86%) started to attract buyers.

In Hong Kong, the Hang Seng index added 30.24 points, or 0.25%, to finish at 12,027.26.

Canada's benchmark S&P/TSX fell 28.66 points, or 0.37%, to 7,737.39.


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