Arab Today, arab today europe stocks extend gains on spain bailout hopes
Last Updated : GMT 13:51:12
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.

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
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 05:34 2017 Tuesday ,21 February

7 firms to list on 2nd Saudi stock board

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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