Markets & Finance

European Markets End Mixed


Canada's benchmark S&P/TSX composite index finished Wednesday's session lower by 25.56 points, or 0.3%, to 8,467.03.

European stock markets finished mixed on Wednesday. London's Financial Times-Stock Exchange 100 index was up 2.8 points, or 0.06%, to 4,548.4 even though Britian's average earnings fell to an eight-month low of 3.8% in the three months to July from 4.3% in the June period.

Germany's DAX index fell 6 points, or 0.15%, to 3,941.75 amid a report that labor costs in the dozen nations sharing the euro grew slower than expected in the second quarter as high unemployment prevented workers from pushing through increases that could fuel inflation. In Paris, the CAC 40 index lost 16.18 points, or 0.44%, to 3,691.85.

In Asia, the markets finished lower on Wednesday following an almost flat close on Wall Street overnight, with tech stocks taking a beating after recent gains. Japan's Nikkei 225 index fell 137 points, or 1.21%, to 11,158.58. In Hong Kong, the Hang Seng index lost 63.66 points, or 0.48%, to finish at 13,084.4, with utilities, properties, and conglomerates leading the losses.


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