eu stocks rebound on positive earnings ubs job cuts
Last Updated : GMT 20:12:21
Arab Today, arab today
Arab Today, arab today

EU stocks rebound on positive earnings, UBS job cuts

Arab Today, arab today

Arab Today, arab today EU stocks rebound on positive earnings, UBS job cuts

London - AFP

European stock markets and the euro rebounded on Tuesday as investors cheered  positive company earnings and reacted to news of thousands of job cuts at Swiss bank UBS, despite a lull in trading caused by the monster US storm Sandy. London\'s FTSE 100 index of top companies rose by 0.77 percent to stand at 5,839.53 points in afternoon deals. Frankfurt\'s DAX 30 won 0.91 percent to 7,268.50 points and in Paris the CAC 40 gained 1.31 percent to 3,453.58. Madrid\'s IBEX 35 jumped 1.18 percent to 7,819.9 points despite data showing that the Spanish economy contracted by 0.3 percent in the third quarter. European stock markets closed lower on Monday awaiting pivotal debt talks on Greece due this week and in thin volume owing to US trading being suspended as Sandy bore down on New York. \"Although the US markets remain closed for the second day in a row, courtesy of Sandy, which is not only affecting the trading volumes but also interrupts the presidential election (race) -- European markets experience what, given the circumstances, could be called a rally,\" said Gekko Global Markets trader Anita Paluch. \"The boost comes from the better than expected earnings results reported by heavyweight companies like Deutsche Bank and BP. The UBS news to slash the jobs is also interpreted in a positive way.\" Shares in UBS rallied 5.34 percent to 13.82 Swiss francs on an index up 0.68 percent overall. The banking giant on Tuesday announced nearly 10,000 job cuts worldwide, saying that the costs of restructuring its hard-hit investment bank had pushed it deep into loss in the third quarter. In Frankfurt, Deutsche Bank\'s share price advanced 3.24 percent to 34.60 euros after the German lender announced a better-than-expected performance in the third quarter. Deutsche Bank said in a statement its net profit after minority interests rose by 3.0 percent to 747 million euros ($970 million) in the period from July to September. In London, BP rocketed 4.40 percent to 443.70 pence after better-than-expected earnings for the third quarter. In foreign exchange trading on Tuesday, the euro rose to $1.2966 from $1.2900 late in New York on Monday, as traders brushed aside news of rising German unemployment. Gold prices gained to $1,713.50 an ounce on the London Bullion Market from $1,707 an ounce on Monday. In an additional positive development for the eurozone, Greek Prime Minister Antonis Samaras said the country had reached agreement with international creditors on a new wave of austerity measures necessary to unlock new bailout loans it needs by next month to avoid bankruptcy. Tokyo\'s stock market closed lower on Tuesday after the Bank of Japan announced monetary easing that was only slightly bigger than market forecasts and cut its growth outlook. Just before the Tokyo market closed down 0.98 percent, the central bank said it would add another 11 trillion yen ($138 billion) to its 80 trillion asset purchase scheme to provide liquidity to the economy and jumpstart growth. It also said it expected the economy to grow just 1.5 percent in the year to March, instead of the 2.2 percent previously predicted. Expectations of new easing had sent markets higher in recent weeks, while the yen had suffered a sell-off.

arabstoday
arabstoday

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further

GMT 11:45 2017 Friday ,10 November

Bahrain Bourse daily trading performance
Arab Today, arab today
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*

eu stocks rebound on positive earnings ubs job cuts eu stocks rebound on positive earnings ubs job cuts

 



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*

eu stocks rebound on positive earnings ubs job cuts eu stocks rebound on positive earnings ubs job cuts

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Banyan Tree Phuket Takes Festive Season

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Top Democrat faces investigation

GMT 09:50 2017 Friday ,17 November

Top Democrat faces investigation
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Angola oil boss sacked by father's protege

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection
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 Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Urban, young and active?

GMT 11:01 2017 Thursday ,16 November

Urban, young and active?
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today Unloved vultures fight for their survival

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 09:23 2017 Wednesday ,15 November

Years melt away as Bening & Bell play unlikely lovers

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 13:40 2017 Monday ,13 November

Pollution spikes in Delhi amid warnings

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 10:55 2017 Thursday ,16 November

UN warns fuel running out

GMT 01:04 2017 Wednesday ,15 November

In Morocco, a blue tourist town

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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