asian markets slip as europe fears weigh
Last Updated : GMT 17:02:39
Arab Today, arab today
Arab Today, arab today

Asian markets slip as Europe fears weigh

Arab Today, arab today

Arab Today, arab today Asian markets slip as Europe fears weigh

Hong Kong - Arabstoday

Asian markets mostly fell yesterday and the euro slipped as concerns over the Eurozone debt crisis refused to abate, before Italy held an auction of long-term debt. With trading light due to the Christmas holidays, Asia also had little cue for direction from Wall Street and Europe despite Rome having enjoyed a successful sale of short-term bonds on Wednesday. Tokyo shed 0.29 per cent, or 24.73 points, to end at 8,398.89 while Sydney fell 0.43 per cent, or 17.7 points, to 4,071.1. Hong Kong fell 0.65 per cent, or 120.75 points, to 18,397.92. Seoul was flat, edging up 0.62 points to 1,825.74 on the market\'s last trading day of the year, while Shanghai staged an afternoon spurt to end 0.16 per cent, or 3.55 points, up at 2,173.56. Japanese exporters were hurt as the yen surged to its highest level against the euro since June 2001, with dealers nervous ahead of the Italian bond sale. Markets took scant relief from Italy\'s auction on Wednesday of €9.0 billion ($11.8 billion) in six-month bonds at low rates, with broader Eurozone worries still dominating trade. After Asian markets closed, Italy raised €7.0 billion in a 10-year bond issue with interest rates held below the danger threshold of seven per cent, suggesting improved market confidence. The amount raised however fell below a maximum sought of €8.5 billion and the rate on bonds due in 2021 was 6.7 per cent — higher than the 5.77 per cent for the last similar sale in October. News that Eurozone banks deposited a record amount of overnight funds at the European Central Bank on Tuesday — breaking the record set the day before — indicated lingering tensions in the single-currency zone. Banks put €452.03 billion on deposit for 24 hours at the ECB overnight on Tuesday, beating the previous record of €411.8 billion set on Monday. Rising levels of deposits are seen as a sign of market tension, with heavy use of the facility suggesting banks favour parking the money at low interest rates rather than lending to each other. The huge amounts indicate banks are hoarding cash after more than 500 of them last week borrowed a record €489.2 billion from the ECB in a new three-year lending facility.

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*

asian markets slip as europe fears weigh asian markets slip as europe fears weigh

 



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*

asian markets slip as europe fears weigh asian markets slip as europe fears weigh

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Banyan Tree Phuket Takes Festive Season

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Top Democrat faces investigation

GMT 09:50 2017 Friday ,17 November

Top Democrat faces investigation
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Angola oil boss sacked by father's protege

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection
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 Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Urban, young and active?

GMT 11:01 2017 Thursday ,16 November

Urban, young and active?
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today Unloved vultures fight for their survival

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 09:23 2017 Wednesday ,15 November

Years melt away as Bening & Bell play unlikely lovers

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 13:40 2017 Monday ,13 November

Pollution spikes in Delhi amid warnings

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 10:55 2017 Thursday ,16 November

UN warns fuel running out

GMT 01:04 2017 Wednesday ,15 November

In Morocco, a blue tourist town

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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