Arab Today, arab today china stocks bounce falls flat in europe
Last Updated : GMT 18:21:53
Arab Today, arab today
Arab Today, arab today

China stocks bounce falls flat in Europe

Arab Today, arab today

Arab Today, arab today China stocks bounce falls flat in Europe

Frankfurt won almost 1.0 percent in value while London and Paris eked out slender gains in late morning deals
Hong Kong - AFP

Europe's main stock indices slid on Monday as a strong rebound in Shanghai due to a change of trading rules failed to push markets higher around the world.

While European indices pushed higher in late morning trading, they pulled back during the afternoon with London's FTSE-100 down 0.3 percent.

"...an overall lack of major news and data have provided little impulses for any market moves" in Europe, said trader Markus Huber at City of London Markets.

After the turmoil that swept global trading floors in the first two months of the year, some stability has now returned to world markets.

March has seen a broad uptick, with sentiment boosted after the Federal Reserve lowered its interest rate hike forecast last week.

But analysts said markets were having trouble maintaining their rally as dealers eye the long Easter break that starts this Friday.

"Trading volume should be on the low side during this shortened trading week as most major markets are closed for trading on Good Friday later this week," said Huber.

Meanwhile, Wall Street opened narrowly lower, with the Dow slipping 0.06 percent in the first five minutes of trading.
"The major averages are essentially flat amid a flurry of M&A deals," said advisors at Wells Fargo, in particular including Marriott International's raised bid to acquire Starwood Hotels, overtaking an offer from China's Anbang.

Starwood rose 4.0 percent after Marriott upped its to bid to $13.6 billion, compared to the $13.2 billion offered last week by a consortium led by China's Anbang Insurance.

Shares in Marriott fell by 1.2 percent.

- Shanghai sparkles -

Chinese equities surged after authorities relaxed rules on borrowing to buy shares, but other Asian markets struggled as oil ticked lower. Tokyo was shut for a public holiday.

Star performer Shanghai climbed above 3,000 for the first time in over two months, meaning the bourse has now rebounded by 13 percent from a January low.

The Chinese market jumped 2.15 percent after authorities loosened rules on margin trading for the first time since last summer's collapse in mainland markets.
Most Asian equities seem to be continuing their winning streak," added Deutsche Bank analysts in a research note to clients.

"Much of today's... market rally, while building on momentum from last week, is also driven by the fact that policymakers have loosened controls on margin trading."

Margin trading, through which investors only need to deposit a small proportion of the value of their trades, was behind a boom that sent the Shanghai bourse up 150 percent in 12 months, before it plummeted from last June after regulators moved to tighten rules on the practice.

The dollar continued to struggle against the yen after plunging last week in response to the Fed -- citing weakness in the global economy -- saying it would lower its outlook for raising borrowing costs this year.

- Key figures around 1330 GMT -

London - FTSE 100: DOWN 0.3 percent at 6,169.04 points

Frankfurt - DAX 30: DOWN 0.4 percent at 9,915.44

Paris - CAC 40: DOWN 0.6 at 4,437.54

EURO STOXX 50: DOWN 0.5 percent at 3,044.80

New York - Dow: DOWN 0.06 percent at 17,591.61

New York - S&P 500: 0.08 percent at 2,047.87

New York - Nasdaq: DOWN 0.2 percent at 4,795.41

Shanghai - Composite: UP 2.15 percent at 3,018.80 (close)

Hong Kong - Hang Seng: UP 0.1 percent at 20,684.15 (close)

Tokyo - Nikkei 225: Closed for holiday

Euro/dollar: UP at $1.1273 from $1.1270 on Friday

Dollar/yen: UP at 111.75 yen from 111.55 yen

 

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 china stocks bounce falls flat in europe Arab Today, arab today china stocks bounce falls flat in europe

 



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 Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of 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 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 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water
View News in Arabic - Business: أسواق مالية
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 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

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