Arab Today, arab today asian markets mixed after ecb decision
Last Updated : GMT 12:04:57
Arab Today, arab today
Arab Today, arab today

Asian markets mixed after ECB decision

Arab Today, arab today

Arab Today, arab today Asian markets mixed after ECB decision

Asian markets
Hong Kong - AFP

Asian markets were mixed Friday as profit-takers moved in after this week's rally and the European Central Bank held off fresh stimulus measures.
The dollar hovered near 120 yen after breaking the key psychological level for the first time in seven years on Thursday, while the euro held up after surging on news the European Central Bank held fast on further monetary easing.
In equity markets, Tokyo eased 0.34 percent, Sydney lost 0.42 percent and Seoul fell 0.15 percent.
But Shanghai jumped 1.19 percent while Hong Kong rose 0.52 percent, adding to the previous day's gains fuelled by hopes Beijing will introduce fresh economy-boosting policies after last month's interest rate cut.
Investors took a breather at the end of a positive week for regional shares, driven by a slew of strong US economic data and several new record highs on Wall Street.
Share markets were left disappointed by the ECB's refusal to embark on any new stimulus at its policy meeting Thursday, despite cutting its already weak growth and inflation forecasts for the eurozone.
But its president, Mario Draghi, said it had stepped up preparations for extra measures -- similar to those already taken in Britain, Japan and the United States -- and would continue to assess the impact of its existing easing efforts on the bloc's moribund economy.
"Should it become necessary to further address risks of too prolonged a period of low inflation, the governing council remains unanimous in its commitment to using additional unconventional instruments," he said.
"This would imply altering early next year the size, pace and composition of our measures."
However, Draghi stressed that "early next year" did not necessarily mean the bank's next meeting in January.
- Euro supported by ECB -
While sending stocks lower, the news provided support to the euro, which jumped to $1.2380 and 148.27 yen in New York Thursday, from $1.2300 and 147.62 yen earlier in the day in Tokyo.
On Friday, the European single currency fetched $1.2385 and 148.41 yen.
In other foreign exchange trades, the dollar nudged back to the 120 yen mark after passing briefly it in London Thursday for the first time since July 2007.
The greenback was at 119.81 yen in early Asian trade Friday, up from its 119.77 yen level late in New York.
The dollar has enjoyed strong support against the Japanese currency thanks to a raft of data showing the US economy is on a recovery track, as well as the Bank of Japan's decision to ramp up its stimulus programme.
On Wall Street the Dow eased 0.07 percent, the S&P 500 dipped 0.12 percent and the Nasdaq declined 0.11 percent.
Crude prices remained stuck around five-year lows after the OPEC oil cartel's decision to maintain output levels despite a global glut.
US benchmark West Texas Intermediate for January delivery was down 12 cents at $66.69 a barrel in early morning Asian trade, and Brent crude for January eased 20 cents to $69.44.
Gold was at $1,203.69 an ounce, compared with $1,203.88 late Thursday.

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 asian markets mixed after ecb decision Arab Today, arab today asian markets mixed after ecb decision

 



Arab Today, arab today

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 asian markets mixed after ecb decision Arab Today, arab today asian markets mixed after ecb decision

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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