Markets & Finance

Europe Stocks Fall at Close


European stock markets closed lower. London's Financial Times-Stock Exchange 100 index eased 18.80 points, or 0.42%, to 4,499.30 as U.K. consumer prices rose more than expected 0.4% in December. Pearson, the media group, was lower after Goldman Sachs downgraded stock to 'underperform' from 'in line.'

In Paris, the CAC 40 fell 29.78 points, or 0.81%, to 3,660.19 despite reports that French employers are confident of an economic recovery, and as the current account surplus increased.

Germany's DAX index lost 33.51 points, or 0.81%, to 4,106.41 following reports January ZEW Survey fell to 72.9 from 73.4 in December but the current conditions indicator for Germany rose 8.8 points to 74.9. The economic expectations indicator rose to 80.1.

Asian markets finished higher on Tuesday. In Japan, the Nikkei 225 index gained 66.77 points, or 0.61%, to close at 11,103.10 as Sony and Canon paced gainers after the Yen weakened against the dollar.

In Hong Kong, the Hang Seng index added 317.12 points, or 2.39%, to close at 13,570.43.

Canada's benchmark S&P/TSX rose 43.26 points, or 0.50%, to 8,623.62.


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