Arab Today, arab today european stocks push on before signs on us rate outlook
Last Updated : GMT 22:14:45
Arab Today, arab today
Arab Today, arab today

European stocks push on before signs on US rate outlook

Arab Today, arab today

Arab Today, arab today European stocks push on before signs on US rate outlook

Europe's main stock markets
London - AFP

Europe's main stock markets pushed their way higher Thursday after a negative start, as investors awaited direction on the outlook for US interest rates.

The US Federal Reserve is set to release the minutes of its last monetary policy meeting with analysts looking for signs on whether it would raise interest rates starting this year or next.

The Bank of England revealed Thursday it would keep its main interest rate at the record-low 0.5 percent, where it has stood for six-and-a-half years to support growth.

While both the Fed and BoE are looking to raise interest rates amid expectations of higher inflation in the US and Britain, a slowdown in China has put pressure on central bankers to delay any hikes to borrowing costs.
European stock markets have risen in recent days, supported by expectations that the Federal Reserve will hold off from hiking US interest rates until at least next year in the wake of disappointing jobs data in the world's biggest economy.

Vicky Redwood, chief UK economist at research group Capital Economics, noted that "the MPC’s decision to leave interest rates on hold again would have been an easy one given the recent softening in both domestic and global economic news".

But in the markets Thursday, "cautious investors are likely to maintain a watching brief while searching for clues on future ECB monetary policy and whether the Fed seem likely to increase interest rates this year or hold off until 2016," said Andy McLevey, head of dealing at stockbroker Interactive Investor.

In the eurozone, analysts see the European Central Bank going the other way by possibly adding more stimulus to the economy rather than tightening interest rates, because of deflation, or falling prices across the single currency bloc.

In foreign exchange, the euro rose to $1.1259 from $1.1237 late on Wednesday in New York.
In afternoon stock trades Thursday, London's benchmark FTSE 100 index gained 0.32 percent to stand at 6,356.51 points compared with Wednesday's close.

In the eurozone, Frankfurt's DAX 30 climbed 0.16 percent to 9,986 points and the Paris CAC 40 rose 0.12 percent to 4,673.08 points.

US stocks however opened lower Thursday ahead of the release of the Federal Reserve's September meeting minutes.

Five minutes into trade, the Dow Jones Industrial Average was down 0.19 percent at 16,880.72 points..

The broad-based S&P 500 lost 0.22 percent at 1,991.45, while the tech-rich Nasdaq Composite Index shed 0.39 percent at 4,772.48.

On Europe's corporate front Thursday, the world's biggest brewer, Anheuser-Busch InBev, urged shareholders at rival beer giant SABMiller to go against their board and accept a new takeover offer.

SABMiller rejected on Wednesday an improved $103-billion bid from AB InBev, arguing that its third effort was still too low.

Following the latest move, the share price of SABMiller in London afternoon trades slipped 0.04 percent to 3,631.50 pence, while AB InBev lost 1.19 percent to 97.48 euros.

The latest offer was priced at 42.15 pounds per SABMiller share.

Elsewhere, Deutsche Bank stock was down 0.84 percent at 25.27 euros after Germany's biggest lender braced its employees for bonus cuts -- after it announced its biggest quarterly loss in about a decade and warned that dividends could be scrapped.

 

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 on before signs on us rate outlook Arab Today, arab today european stocks push on before signs on us rate outlook

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
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 Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
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 Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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