Arab Today, arab today european stocks rebound
Last Updated : GMT 08:31:20
Arab Today, arab today
Arab Today, arab today

At end of brutal week

European stocks rebound

Arab Today, arab today

Arab Today, arab today European stocks rebound

The steep losses in Japan came as the yen pushed
London - Arab Today

European stocks rebounded Friday on higher oil prices, solid German economic growth and rising US retail sales, regaining some ground lost this week on fears of a global recession.

Frankfurt and London rose around 2.0 percent, brushing off another slump in Asia, as investors welcomed news that the German economy grew by a solid 0.3 percent in the fourth quarter.

World oil prices meanwhile climbed on fresh hopes of an OPEC output cut, one day after tanking towards 13-year lows on the stubborn crude supply glut.

Europe's main stock markets were buoyed also by bargain-hunting after another calamitous day on Thursday, when Frankfurt shed 2.9 percent, Paris slumped 4.1 percent and London dived 2.4 percent.

Wall Street equities opened higher, with data showing retail sales edged 0.2 percent higher in December and January despite falling oil prices, helping to underpin positive sentiment.
The January and December gains suggest "consumer spending may not be as weak as thought, especially given the lack of inflation," said Scott Hoyt of Moody's Analytics.

Markets were slammed this week by global economic fears centred on China, banking jitters -- and questions over the impact of the European Central Bank's quantitative easing (QE) stimulus, dealers said.

"European markets … have been hit by a whole series of negative factors this week -- not only global recession fears and general solvency concerning banks, but by increasing evidence that QE by the ECB does not seem to work -- or that it has not had the desired effect so far," said Markus Huber, analyst at brokerage Peregrine & Black in London.

"Some traders also point out that unlike in 2008/2009, major central banks have only limited tools and measures available to support global growth," he told AFP.

Huber added that, during the global financial crisis, the world's central banks had greater scope because interest rates were far higher and liquidity was far lower.

The London stock market was meanwhile propelled higher Friday also on investor relief that British engine maker Rolls-Royce had not scrapped its shareholder dividend.

Rolls-Royce, which did however cut the payout for the first time in almost 25 years, saw its share price rocket nearly 18 percent to 624.50 pence, topping the FTSE 100 leaderboard.
However, the global sell-off showed no sign of ending in Asia.

A near five-percent plunge in Tokyo led another rout, bringing to an end one of the most painful weeks for global investors as fears about the world economy -- and possible recession -- stalked trading floors.

- 'Very real' fear of recession -

"The fear of a global recession is very real," said Craig Erlam, senior market analyst at Oanda trading group.
"It does feel like a culmination of factors that have built up over the last seven years are finally coming together to test just how far the global economy has come and how strong the recovery truly is," he told AFP.

"This is going to be a very challenging year for the global economy and I think the risk of recession is higher now than it has been for some time."

Friday's losses in Japan came after the yen, viewed as a haven investment, hit 16-month-plus highs against the dollar.

The dollar had Thursday struck 110.99 yen, which was the lowest level since October 2014.

The rise led Tokyo to say it would take "appropriate" measures, fuelling speculation officials were considering a currency market intervention.

"A strong domestic currency puts an additional burden on the heavily export orientated Japanese economy by making their companies less competitive," noted Huber.

Analysts say there is growing concern central banks are running out of ideas to provide support, with Sweden's saying it would push its interest rate further into negative territory, weeks after Japan adopted the policy for the first time.

The measure -- effectively charging lenders to park cash with it -- follows similar moves by the ECB and Switzerland.

And while Federal Reserve boss Janet Yellen told congress Thursday it was unlikely the United States would also need to adopt such extreme measures, she did leave open the possibility.

- Key figures around 1430 GMT -

London - FTSE 100: UP 2.0 percent at 5,650.10 points

Frankfurt - DAX 30: UP 2.1 percent at 8,932.82

Paris - CAC 40: UP 1.7 percent at 3,963.49

Milan - FTSE MIB: UP 3.4 percent at 16,308.40

EURO STOXX 50: UP 2.1 percent at 2,735.41

New York - Dow: UP 0.7 percent at 15,769.62

New York - S&P 500: UP 0.9 percent at 1,844.99

New York - Nasdaq: UP 0.9 percent at 4,302.97

Tokyo - Nikkei 225: DOWN 4.8 percent at 14,952.6 (close)

Euro/dollar: DOWN at $1.1245 from $1.1323 on Thursday

Dollar/yen: UP at 112.99 yen from 112.39 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 rebound Arab Today, arab today european stocks rebound

 



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 rebound Arab Today, arab today european stocks rebound

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
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 Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
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 EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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