Arab Today, arab today european stocks sink in grey start to week
Last Updated : GMT 03:56:53
Arab Today, arab today
Arab Today, arab today

In a poor start

European stocks sink in grey start to week

Arab Today, arab today

Arab Today, arab today European stocks sink in grey start to week

Frankfurt, London and Paris stocks fell following a warning from the Bank of International Settlements (BIS)
London - Arab Today

Europe's stock markets fell Monday in a poor start to the week, hit by economic gloom and growing doubts over new eurozone stimulus, dealers said.

Frankfurt, London and Paris stocks lost about one percent, one day after the Bank of International Settlements (BIS) warned of a "gathering storm that has been building for a long time" on global markets.

The region's markets had rallied Friday as new data showed strong US jobs figures but a fall in wages, fuelling talk of more Federal Reserve rate hikes.

"Dampening spirts from the off, a warning from the BIS that there is a 'gathering storm' of macro-maladies ready to plague the markets did nothing to ensure last week’s rebound continued," said Spreadex analyst Connor Campbell on Monday.
"Especially notable is the BIS comment that investors are fearful that the world’s central banks are running out of options -- something that does not bode well for Thursday’s ECB (European Central Bank) meeting."

Investors are increasingly uncertain over whether the ECB will deliver new stimulus moves when it reveals its latest monetary policy decision later this week.

- Lack of ECB unity? -

"Reports last week that there is a lack of unity within the ECB over potential new monetary stimulus measures has removed some of the appetite for stocks on the continent," noted analyst Jasper Lawler at traders CMC Markets.
In contrast to Europe, Asian stocks began the week in buoyant mood, cheering a strong pick-up in US job creation while weighing China's weekend decision to lower its growth target but expand spending.

Energy firms were again among the biggest gainers as oil continued its recovery thanks to the jobs data and as US producers cut the number of rigs in operation to combat a global supply glut that has hammered prices.

At the start of its annual policy congress Saturday China set a target of 6.5-7.0 percent expansion this year -- as expected -- as it tries to combat a slowdown in global trade and to transition from dependence on exports and investments to consumer-led growth.

But in a two-hour speech, Premier Li Keqiang promised to loosen the money belt and projected the biggest budget deficit in several decades, putting on the back-burner its drive to combat bulging government debt.
He also pledged reform of state-owned enterprises, many of which are plagued by inefficiencies and overcapacity.

China's leaders have sought to reassure jittery global markets in recent weeks with a unified message that authorities still have the tools to keep the economy -- a key driver of world growth -- from a further slowdown.

Shanghai stocks ended up 0.8 percent, with investors also cheered by an expected delay in a plan to speed up initial public offerings.

Among other markets, Sydney rose one percent and Seoul put on 0.1 percent. There were also gains in Taipei, Wellington and Bangkok.

On the downside, Hong Kong dipped 0.1 following last week's gains and Tokyo slipped 0.6 percent after climbing around six percent last week.

- Key figures around 1130 GMT -

London - FTSE 100: DOWN 0.9 percent at 6,143.30 points

Frankfurt - DAX 30: DOWN 1.0 percent at 9,726.70

Paris - CAC 40: DOWN 1.0 percent at 4,412.70

EURO STOXX 50: DOWN 1.2 percent at 3,001.10

Tokyo - Nikkei 225: DOWN 0.6 percent at 16,911.32 (close)

Shanghai - composite: UP 0.8 percent at 2,897.34 (close)

Hong Kong - Hang Seng: DOWN 0.1 percent at 20,159.72 (close)

New York - Dow: UP 0.4 percent at 17,006.77 (close)

Euro/dollar: DOWN at $1.0959 from $1.1008 on Friday

Dollar/yen: DOWN at 113.42 yen from 113.79 yen
SourcE: AFP

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 stocks sink in grey start to week Arab Today, arab today european stocks sink in grey start to week

 



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 stocks sink in grey start to week Arab Today, arab today european stocks sink in grey start to week

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new 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