Arab Today, arab today world stocks extend slide sterling falters
Last Updated : GMT 23:52:12
Arab Today, arab today
Arab Today, arab today

On worries about the global economy

World stocks extend slide; sterling falters

Arab Today, arab today

Arab Today, arab today World stocks extend slide; sterling falters

Around midday across the eurozone, leading indices were down more than 2%
Hong Kong - Arab Today

World stock markets slumped once more Wednesday and the pound sterling hit near seven-year lows on worries about the global economy and Britain's potential exit from the EU.

Falls to oil prices heaped additional pressure on financial markets.

Around midday across the eurozone, leading indices were down more than 2.0 percent, while in London the FTSE shed 1.3 percent.

"Eurozone indices are going to suffer under the same Brexit fears currently plaguing the pound and the FTSE," said Connor Campbell, financial analyst at Spreadex trading group.

The pound slumped to $1.3913 at one point -- the lowest level since March 2009.

As Britain prepares for a June 23 referendum on its EU future, British Prime Minister David Cameron has warned that the country's departure from the European Union would threaten its economic and national security.

But London Mayor and Conservative rival Boris Johnson has dealt a blow by backing a "Brexit" despite Cameron winning a deal on EU reforms.

The pound has been struggling for some time.
"Unsurprisingly, the concerns for the global economy have continued to have disastrous consequences for the pound, which often performs poorly in a risk-off environment," said Phil McHugh at trading group Currencies Direct.

"Global risk sentiment has taken another swing lower as a slump in Asian and Chinese equities shadowed a similar decline in the US," he said, pointing also to falling oil prices as contributing to the weak sentiment.

Crude has resumed its decline after Iran's oil minister called a proposal by Saudi Arabia and Russia to maintain production levels "ridiculous", as it seeks to boost output after years of sanctions-constrained sales.

Analysts warned that current market turmoil was unlikely to ease in the short term.  

- G20 meeting -

Asian bourses earlier tracked losses in global markets, with Tokyo stocks weighed down by the strength of the yen which is seen as a haven asset.

US and European markets had been battered Tuesday after a closely-watched report rated German business confidence in February at the lowest level since December 2014, and Wall Street fell more than one percent overnight.
ut Shanghai closed up almost one percent Wednesday, reversing losses from earlier in the day, on expectations of economic reform pledges at an upcoming annual meeting of lawmakers.

Ahead of a meeting of G20 finance ministers' and central bank chiefs starting Friday in Shanghai, there have been calls for increased fiscal support as authorities grapple with reduced monetary leeway. Japan and the eurozone have already seen negative interest rates.

- Key figures around 1100 GMT -

London - FTSE 100: DOWN 1.3 percent at 5,886 points

Frankfurt - DAX 30: DOWN 2.3 percent at 9,197

Paris - CAC 40: DOWN 2.0 percent at 4,152.5

EURO STOXX 50: DOWN 2.1 percent at 2,826.2

Tokyo - Nikkei 225: DOWN 0.85 percent at 15,915.8 points  (close)

Shanghai - Composite: UP 0.88 percent at 2,928.9 points (close)

Hong Kong - Hang Seng: DOWN 1.15 percent to 19,192.5 points (close)

New York - Dow: DOWN 1.1 percent at 16,431.8 points (close)

Euro/dollar: DOWN at $1.1008 from $1.1029 on Tuesday

Dollar/yen: DOWN at 111.96 yen from 112.91 yen

Pound/dollar: DOWN at $1.4111 from $1.4148
Source :AFP

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 world stocks extend slide sterling falters Arab Today, arab today world stocks extend slide sterling falters

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
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

GMT 10:06 2017 Friday ,17 February

South Korea's Hanjin Shipping declared bankrupt

GMT 09:26 2017 Friday ,17 February

Samsung's history tainted by run-ins with the law

GMT 09:20 2017 Friday ,17 February

Samsung heir arrested in corruption probe

GMT 10:26 2017 Thursday ,16 February

Dollar, equities stutter in Asia after Trump rally

GMT 08:45 2017 Thursday ,16 February

Hanjin saga reveals S.Korea corporate governance flaws

GMT 09:40 2017 Wednesday ,15 February

Heineken profits drained in 2016 by currency turmoil

GMT 09:10 2017 Tuesday ,14 February

Sharjah Chamber Eyes Strong Economic Ties with Belgium
View News in Arabic - Business: أخبار الأعمال
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 Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
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 Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
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 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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