Arab Today, arab today european fears drag sentiment
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Asian markets mixed

European fears drag sentiment

Arab Today, arab today

Arab Today, arab today European fears drag sentiment

Markets mixed
Hong Kong – Agencies

Markets mixed Hong Kong – Agencies Regional shares were hit on Monday after Nicolas Sarkozy\'s poor showing in the first round of France\'s presidential election at the weekend. While observers were unsure who would likely win the run-off there are fears that if his opponent, socialist Francois Hollande, wins he could change strategy on dealing with the eurozone crisis.
Hollande has said he would move to renegotiate a regional fiscal pact agreed last year, shifting the focus toward growth rather than austerity, a move likely to stoke friction with other nations, including Germany.
Adding to uncertainty was the strong showing of the far right, which is opposed to the huge bailouts European nations including Greece, Ireland and Portugal have received.
The Netherlands was also thrown into turmoil when Prime Minster Mark Rutte and his cabinet resigned after his government failed to reach agreement over austerity measures to stabilise the economy.
There are now fears that the Netherlands\' top-notch triple A credit rating -- one of only four left in the eurozone -- could be in danger.
Economic matters in the eurozone also weighed on sentiment after data showed private sector activity sank at its fastest rate in five months in April, indicating a longer recession than previously thought.
The composite Purchasing Managers Index (PMI) by research firm Markit fell to 47.4 compared with 49.1 in March. A score below the neutral 50-point line indicates contraction.
\"The main dangers to the situation in Europe have been on display over the past couple of days,\" Ric Spooner, chief market analyst at CMC Markets said in a note.
\"The French election campaign, weak manufacturing PMIs and Spanish 10 year bonds yields at around six percent are all indicators that make it hard for investors to increase risk appetite,\" he added, according to Dow Jones Newswires.
US shares fell Monday. On Wall Street the Dow sank 0.78 percent, the S&P 500 lost 0.84 percent and the Nasdaq slid 1.00 percent.
In early European trade Tuesday the euro fetched $1.3172 and 106.95 yen, compared with $1.3154 and 106.78 yen in New York late Monday.
The dollar was at 81.20 yen compared with 81.18 yen.
And on oil markets New York\'s main contract, West Texas Intermediate crude for delivery in June was up 11 cents at $103.22 per barrel while Brent North Sea crude for June fell 21 cents to $118.50.
Gold was at $1,639.05 an ounce at 1100 GMT, compared with $1,632.75 late Monday.
Asian markets were mixed on Tuesday as bargain hunting after the previous day\'s big losses was countered by nervousness about the political and economic situation in Europe.
Traders were also following losses on Wall Street and in European bourses while keeping an eye on central bank policy meetings in Washington and Tokyo this week, hoping for some fresh stimulus measures.
Tokyo fell 0.78 percent, or 74.13 points, to 9,468.04 and Seoul shed 0.47 percent, or 9.21 points, to 1,963.42, while Sydney added 0.18 percent, or 8.0 points, to 4,360.4.
Hong Kong added 0.26 percent, or 52.77 points, to end at 20,677.16 and Shanghai ended flat, edging down 0.24 points to 2,388.83.

arabstoday
arabstoday

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 european fears drag sentiment Arab Today, arab today european fears drag sentiment

 



Arab Today, arab today

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 european fears drag sentiment Arab Today, arab today european fears drag sentiment

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
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 Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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