Arab Today, arab today european stock markets mixed after ecb decision
Last Updated : GMT 00:51:37
Arab Today, arab today
Arab Today, arab today

European stock markets mixed after ECB decision

Arab Today, arab today

Arab Today, arab today European stock markets mixed after ECB decision

German stock brokers work at the DAX stock exchange
London - AFP

Europe's main stock markets were mixed on Thursday as traders weighed concerns about the impact of Russian sanctions against the West after the European Central Bank kept its key rate on hold.
In mid-afternoon trading, Frankfurt's main DAX 30 index gained 0.23 percent to 9,151.32 points while in Paris the CAC 40 index slid 0.42 percent to 4,189.42, compared with Wednesday's close.
London's benchmark FTSE 100 index added 0.11 percent to stand at 6,43.43 points after the Bank of England also chose to hold its key interest rate at a record low.
The European Central Bank held its key interest rates unchanged at 0.15 percent at its regular policy meeting on Thursday, two months after easing monetary conditions in the 18-country euro area.
In foreign exchange trading, the euro was broadly unchanged from late in New York on Wednesday at $1.3381.
Speaking after the decision, president Mario Draghi warned that the eurozone recovery "remains weak, fragile and uneven" and that recent data showed "there has a been a slowing down in the growth momentum".
Draghi also sought to allay concerns that the euro's strength is harming growth, adding that "the fundamentals for a weaker exchange rate are better than they were two or three months ago".
Markets had been shaken on Wednesday by news that Italy fell back into recession in the second quarter while factory orders in Germany, the bloc's powerhouse, cratered by 3.2 percent in June.
The news hit shares, adding to concerns a "full embargo" by Russia on most food imports from EU, US, and other Western countries which have imposed sanctions against Moscow over its policy on Ukraine could hurt the bloc's economy.
"The calm at the ECB is a reminder that the eurozone is on the right track despite some recent growth disappointments due to the Putin factor in Germany and a lack of reform in Italy and France," said Christian Schulz, an economist at Berenberg.
In London, the Bank of England also opted to keep its main interest rate at a record-low level of 0.50 percent against a backdrop of solid British economic growth.
- Wall Street opens higher -
US stocks opened higher on Thursday, buoyed by news of the ECB and BoE decisions and data showing that weekly jobless claims fell.
Five minutes into trade, the Dow Jones Industrial Average rose 0.35 percent to 16,500.88.
The broad-based S&P 500 advanced 0.42 percent to 1,928.23, while the tech-rich Nasdaq Composite Index gained 0.42 percent to 4,373.31.
The claims for the week to August 2, a sign of the pace of layoffs, fell to 289,000, the second reading below the 300,000 level in a month.
"So far US markets are brushing off Russian sanctions on food imports," said Jasper Lawler at CMC Markets.
Russia retaliated against tough new Western sanctions on Thursday, banning most food imports from the United States and the European Union and threatening to block flights over its airspace.
The tit-for-tat moves further heighten tensions between Russia and the West over the conflict in Ukraine, where heavy shelling was reported in the rebel-held eastern city of Donetsk.
The embargo will affect "imports of beef, pork, fruit and vegetable produce, poultry, fish, cheese, milk and dairy products from the European Union, United States, Australia, Canada and Norway," Russian Prime Minister Dmitry Medvedev told a government meeting.
EU producer groups warned that the embargo could lead to a glut of food in the European Union, as Russia buys some 10 percent of the EU's food exports.
In corporate news, shares in Nestle rose 3.5 percent after the world's largest food industry group posted a slump in earnings and sales for the first half of the year, blaming the strong Swiss franc.
The euro rose to 79.48 pence from 79.41 pence on Wednesday. The pound slipped to $1.6835 from $1.6851.
On the London Bullion Market, the price of gold fell to $1,302 an ounce from $1,306.50.

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 stock markets mixed after ecb decision Arab Today, arab today european stock markets mixed after ecb decision

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:48 2017 Sunday ,26 February

$100 billion wasted trying to beat the market

GMT 12:06 2017 Sunday ,26 February

Britain banks on robots, AI to boost growth

GMT 12:00 2017 Sunday ,26 February

China to allow more IPOs to attract capital

GMT 06:31 2017 Sunday ,26 February

Consumer prices up in Canada
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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