Arab Today, arab today europe stocks extend gains on spain bailout hopes
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Europe stocks extend gains on Spain bailout hopes

Arab Today, arab today

Arab Today, arab today Europe stocks extend gains on Spain bailout hopes

London - AFP

Europe\'s main stock markets rose on Tuesday, building on gains from Monday on the back of growing expectations of a full financial bailout for Spain. After falling at the start of trading, London\'s benchmark FTSE 100 index of top companies was up 0.13 percent at 5,827.69 points in late morning deals. Frankfurt\'s DAX 30 climbed 0.29 percent to 7,347.67 points and the Paris CAC 40 won 0.03 percent to 3,435.58. Madrid\'s IBEX 35 index rallied 1.10 percent to 7,872.00 points. In foreign exchange trading, the euro climbed to $1.2910 from $1.2896 late in New York on Monday. Gold prices edged down to $1,779.28 an ounce on the London Bullion Market from $1,787 an ounce on Monday. Gold, seen as a haven in times of economic unrest, hit an 11-month high point of $1,791.45 an ounce on Monday before traders banked profits. \"The ongoing sovereign debt crisis in Europe and a US economy struggling to recover at a more meaningful pace are good enough reasons to support the precious metal for now,\" said Simon Denham, head of Capital Spreads trading group. As Spain lurched towards a sovereign bailout, government data published Tuesday showed that the nation\'s jobless queue grew by nearly half a million people in the year to September. Spain has been in recession since late 2011, its second downturn since the bursting of a property bubble in 2008 that destroyed millions of jobs and left the banking sector strewn with bad loans. The grim economy, bulging deficit and high borrowing costs are driving Spain towards seeking a full-blown bailout. The government says it wants to know more about the conditions, however, before making a decision. Stock markets had rallied on Monday -- the start of the fourth quarter -- as traders tracked Spanish debt strains and the revival of a merger bid by commodities sector giants Xstrata and Glencore. \"Yesterday\'s rebound suggests that markets believe that at some point fairly soon Spain will feel compelled to request further aid, in addition to the banking bailout agreed at the June EU summit,\" said Michael Hewson, an analyst at CMC Markets trading group. European stock markets enjoyed a strong July-September as easing concerns about the economy amid fresh stimulus action by central banks resulted in a gain of about 13 percent for the German DAX, while Spain\'s IBEX won around 9.0 percent in value.

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 stocks extend gains on spain bailout hopes Arab Today, arab today europe stocks extend gains on spain bailout hopes

 



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 stocks extend gains on spain bailout hopes Arab Today, arab today europe stocks extend gains on spain bailout hopes

 



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