Arab Today, arab today european stocks push on before signs on us rate outlook
Last Updated : GMT 13:41:17
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.

 

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

 



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 Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
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 Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
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 Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
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 Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
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 Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

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 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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