Arab Today, arab today eu banks\ rescue plan breathes life into european markets
Last Updated : GMT 11:55:32
Arab Today, arab today
Arab Today, arab today

EU banks\' rescue plan breathes life into European markets

Arab Today, arab today

Arab Today, arab today EU banks\' rescue plan breathes life into European markets

Paris - Xinhua

Pledges of eurozone policymakers to save banks from the spreading sovereign debt crisis soothed stocks in European markets on Wednesday after three consecutive dark days. Stocks in the region were hardly hit in the past few sessions on rising worries that a debt default by Athens will be a fact of life leading to banking collapse and hampering economic growth. In early trading, shares in Paris\'s CAC 40 turned positive at 2,932 points, up by 2.87 percent at 1216 GMT mainly due to bounce in banking stocks relieved by politicians moves to guarantee the safety of the zone\'s financial institutions. The index of banking sector rose by 6.07 percent. BNP Paribas, the French largest bank, was up by 5.89 percent to 28.78 euros (38.391 U.S. dollars). Societe Generale and Credit Agricole both suffered from rating downgrade saw their shares growing by 5.38 percent and 8.87 percent respectively. London\'S FTSE 100 gained 2.11 percent while Frankfurt index rebounded by 3.36 percent. Despite fresh Moody\'s downgrade of Italy\'s credit rating late on Tuesday by three notches to A2, stocks in Milan resisted and rose by 2.3 percent. Optimism helped the European index, the EuroStoxx, to stand in green at 2,145 points, up 2.6 percent from the last trading session. On Tuesday, European Commissioner for Economic Affairs Olli Rehn said that the EU finance ministers agreed in Luxembourg on the need of a concerted banks recapitalization to stem volatility in financial markets and avoid a possible downturn. Moreover, French and Belgium decision to guarantee the financing of the joint banking group Dexia backed investors\'s hope to get out from the month-long financial crisis. The Franco-Belgian bank is the first bank to have to be bailed out due to the eurozone\'s sovereign debt crisis.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu banks\ rescue plan breathes life into european markets Arab Today, arab today eu banks\ rescue plan breathes life into european markets

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday