Arab Today, arab today european stocks push higher on eve of key ecb meet
Last Updated : GMT 05:22:36
Arab Today, arab today
Arab Today, arab today

European stocks push higher on eve of key ECB meet

Arab Today, arab today

Arab Today, arab today European stocks push higher on eve of key ECB meet

London's benchmark FTSE 100 index
Hong Kong - AFP

Europe's main stock markets pushed higher Wednesday, the eve of a key meeting of the ECB and after losses across Asia, as traders look for policy action from central bankers.

The European Central Bank will almost certainly announce new stimulus measures at its policy meeting Thursday, analysts said, as eurozone inflation turns negative and the economic outlook continues to cloud over.

"Despite a rough Asian session, with the lingering effects of China’s export-plunge causing both the Shanghai Composite and the Nikkei to feel the pinch, the European indices have started the day tentatively in the green after two days of nervy losses," said Connor Campbell, analyst at Spreadex trading group.

London's benchmark FTSE 100 index was up 0.1 percent, while eurozone heavyweights Frankfurt and Paris gained 0.5 percent in late morning deals. The euro was stable against the dollar.

World indices had fallen heavily on Tuesday and nervous investors in Asia resumed selling Wednesday on worries over the weak global economy.
The International Monetary Fund on Tuesday urged governments to take action to prevent another global recession, warning there was an increasingly "dangerous" view that policymakers are out of ideas or had lost the will.

- ECB action -

After disappointing financial markets with what were widely perceived as half-hearted measures in December, ECB chief Mario Draghi will announce bolder policy moves this time round, central bank watchers predicted.

These were most likely to include a further cut in interest rates, an increase in the volume of bonds it buys each month under its so-called quantitative easing or QE stimulus programme and a further extension of that measure beyond its current timeframe of March 2017.

"Much of today's market action will be in relation to final positioning ahead of the ECB tomorrow," said City of London Markets trader Markus Huber.

"So far ECB action of the recent past had only mixed success at best, as growth is still sluggish and inflation remains at very low levels."

In company news, German power giant E.ON said it booked a 7.0-billion-euro ($7.7-billion) net loss in 2015 and warned that "the course ahead will be tougher and longer than anticipated".
German power utilities have complained that the country's transition from conventional carbon fuels to greener, cleaner sources of energy is squeezing their margins.

E.ON shares were down 0.44 percent at 8.29 euros in Frankfurt deals.

In Asia, investors resumed selling on Wednesday as the optimism that had fuelled this month's rally was broken by another round of weak Chinese data that rekindled fears about the global economy.

After a string of gains in recent weeks, confidence took a hit on Tuesday when China released data showing exports from the world's number two economy had plunged the most since the financial crisis.

The news refocused attention on the slowdown in China -- one of the key reasons global markets suffered a bloodbath at the start of the year -- sending markets tumbling from Asia to the Americas.

- Key figures around 1030 GMT -

London - FTSE 100: UP 0.1 percent at 6,128.61

Frankfurt - DAX 30: UP 0.5 percent at 9,737.70

Paris - CAC 40: UP 0.5 percent at 4,426.05

EURO STOXX 50: UP 0.6 percent at 3,019.33

Tokyo - Nikkei 225: DOWN 0.8 percent at 16,642.20 (close)

Shanghai - composite: DOWN 1.3 percent at 2,862.56 (close)

Hong Kong - Hang Seng: DOWN 0.1 percent at 19,996.26 (close)

New York - Dow:  DOWN 0.6 percent at 16,964.10 (close)

Euro/dollar: DOWN at $1.1010 from $1.1013 on Tuesday

Dollar/yen: DOWN at 112.64 yen from 113.41 yen

 

 

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 push higher on eve of key ecb meet Arab Today, arab today european stocks push higher on eve of key ecb meet

 



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 push higher on eve of key ecb meet Arab Today, arab today european stocks push higher on eve of key ecb meet

 



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 EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
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 3,250 people killed in Raqqa battle

GMT 03:49 2017 Wednesday ,18 October

3,250 people killed in Raqqa battle
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
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 says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

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