Arab Today, arab today europe marks time awaiting ecb
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Europe marks time awaiting ECB

Arab Today, arab today

Arab Today, arab today Europe marks time awaiting ECB

Frankfurt's DAX 30 rose 0.89 percent
London - AFP

European stock markets made marginal gains Wednesday, as traders awaited Thursday's key policy meeting of the European Central Bank.
London's benchmark FTSE 100 index gained 0.05 percent to close at 6,348.42 points.

In the eurozone, Frankfurt's DAX 30 rose 0.89 percent to 10,238.10 points and the Paris CAC 40 stood 0.46 percent ahead at 4,695.10 compared with Tuesday's close.

Europe's main indices had dropped slightly on Tuesday as investors fretted over the broader global impact of China's economic slowdown.

In foreign exchange Wednesday, the euro rose to $1.1344 from $1.1322 Tuesday in New York.

"The risk is for euro gains if the ECB fails to point to further stimulus in the coming months," said Phil McHugh, trading floor manager at Currencies Direct.

"However, (ECB chief) Mario Draghi will also be eager for the euro not to strengthen too much beyond current levels, so we could be in for more mixed signals."

Thursday's European Central Bank meeting comes as falling eurozone prices turn up the heat on the ECB to prevent the single currency area from slipping into a dangerous deflationary spiral.

Given current low interest rates any additional easing action taken at the Malta meeting would likely take the form of an extension of the central bank's bond purchase programme, known as quantitative easing or QE.

US stocks were mixed, despite solid earnings from Boeing and a $19 billion acquisition of computer storage company SanDisk by Western Digital.

The Dow Jones Industrial Average clung to a modest gain, but the Nasdaq fell as traders weighed big technology deals, mixed earnings and Ferrari's roaring Wall Street debut.

An hour into trade, the Dow Jones Industrial Average stood at 17,225.96, up 0.05 percent.

The broad-based S&P 500 dipped 0.11 percent to 2,028.63, while the tech-rich Nasdaq Composite Index dropped 0.22 percent to 4,870.17.

Dow member Boeing rose 1.87 percent after reporting third-quarter net income up 25.1 percent to $1.7 billion.

Global computer disk drive leader Western Digital announced it will pay $19 billion for flash memory specialist SanDisk. SanDisk rose 2.66 percent, while Western Digital added 0.31 percent.

Shares of legendary supercar maker Ferarri initially soared 15 percent above the IPO price of $52 on their New York debut but later fell back and were 8.33 percent ahead mid-session.

Owner Fiat Chrysler Automobiles spun off nine percent of the luxury marque on Tuesday, with the subscription price valuing the company at a heady $10 billion.

On the British corporate front Wednesday, shares in Pearson slumped as the publisher cut its annual earnings forecast.

Pearson, which recently struck deals to sell the Financial Times newspaper and The Economist magazine, was London's main loser in shedding a hefty 15.95 percent at 998.50 pence.

Pearson said it expected full-year adjusted earnings of 70-75 pence a share, down from an earlier forecast of 75-80 pence.

French energy giant EDF closed up 0.46 percent in Paris after confirming China will finance one third of Britain's first nuclear power plant in decades to the tune of £6.0 billion (8.2 billion euros, $9.3 billion) in a vast deal backed by the French and scheduled for 2025 completion.

The deal came with Britain on a charm offensive to woo Chinese investment.

Prime Minister David Cameron hailed the investment as "historic" as he hosted visiting Chinese President Xi Jinping, adding the countries had signed deals worth £40 billion (54.6 billion euros, $61.9 billion).

In Asia, a fall in Japanese exports to China in September fanned expectations that Tokyo will unveil fresh stimulus, putting pressure on the yen.

But Tokyo's main stocks index led most Asian equity markets higher despite weak Japanese trade figures.

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 europe marks time awaiting ecb Arab Today, arab today europe marks time awaiting ecb

 



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 europe marks time awaiting ecb Arab Today, arab today europe marks time awaiting ecb

 



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

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 Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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