Arab Today, arab today markets mixed as oil prices weigh on investor sentiment
Last Updated : GMT 11:12:33
Arab Today, arab today
Arab Today, arab today

Markets mixed as oil prices weigh on investor sentiment

Arab Today, arab today

Arab Today, arab today Markets mixed as oil prices weigh on investor sentiment

Bangkok - AP

World stocks traded unevenly Friday as investors weighed the impact of high oil prices against new signs of improvement in the US jobs market. Benchmark oil hovered above $108 per barrel while the dollar rose against the yen and the euro. European stocks budged only slightly in early trading. Britain’s FTSE 100 was marginally lower at 5,929.90. Germany’s DAX was nearly unchanged at 6941.08 and France’s CAC-40 was 0.1 per cent higher at 3,504.18. Wall Street appeared set for a lower opening, with Dow Jones industrial futures losing 0.1 per cent to 12,958 while S&P 500 futures lost 0.2 percent to 1,372. The online review site Yelp Inc. jumped 60 percent following its initial public offering that valued the company at $900 million. Both the Dow and Nasdaq are trading below milestones hit earlier this week. The Dow closed above 13,000 Tuesday for the first time since May 19, 2008. The Nasdaq index broke the 3,000 level Wednesday for the first time since 2001. “Investors remain very nervous about the oil market and potential supply disruptions arising from the Middle East. From an investment perspective, high oil prices are quite negative for global growth,” said Stan Shamu, market strategist at IG Markets in Melbourne, Australia. Asian stock markets performed robustly, however, in the footsteps of Wall Street gains on Thursday. Japan’s Nikkei 225 index rose 0.7 per cent to finish at 9,777.03, its highest close in seven months. Hong Kong’s Hang Seng added 0.8 percent to 21,562.26 and South Korea’s Kospi added 0.2 percent to 2,034.63. Mainland Chinese shares rose, with the benchmark Shanghai Composite Index adding 1.4 percent to 2,460.69. The Shenzhen Composite Index climbed 2.1 percent to 980.77. Benchmarks in Australia, Singapore and Taiwan also rose. The region’s markets were boosted by the latest sign of improvement in the US jobs market. The number of people seeking unemployment benefits fell last week to the lowest point since March 2008. The four-week average was also the lowest in four years. Analysts said investors are also looking to the opening Monday of the annual meeting of the ceremonial Chinese legislature, which is used by the government as a platform to announce its policy direction for the coming year. Investors expect to see measures to help prop up domestic demand as well as looser reins on lending to try to boost growth, said Linus Yip, a strategist at First Shanghai Securities in Hong Kong. “Right now, exports from mainland China are not so good, so they have to do more things to push up domestic demand,” he said. News that major state-owned Chinese banks may begin easing property lending policies for first-time home buyers boosted real estate shares. Poly Real Estate, China’s second-largest listed property, gained 4.4 percent and industry leader China Vanke jumped 4 percent. Tokyo-based Elpida Memory Ltd. plummeted 29 percent. The company, the only manufacturer in Japan to specialize in DRAM chips used in mobile phones and computers, filed for bankruptcy protection Monday. Benchmark oil for April delivery was down 66 cents to $108.18 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.77 to finish at $108.84 per barrel on the Nymex on Thursday. In currencies, the euro fell to $1.3257 from $1.3316 late on Thursday in New York. The dollar rose to ¥81.53 from ¥81.08. From gulftoday

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 markets mixed as oil prices weigh on investor sentiment Arab Today, arab today markets mixed as oil prices weigh on investor sentiment

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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