europe stocks rise after greece backs austerity bill
Last Updated : GMT 06:32:30
Arab Today, arab today
Arab Today, arab today

Europe stocks rise after Greece backs austerity bill

Arab Today, arab today

Arab Today, arab today Europe stocks rise after Greece backs austerity bill

London - AFP

Europe\'s stock markets climbed on Monday after Greek lawmakers approved drastic austerity measures, amid violent street battles between police and protesters in the streets of Athens. In morning deals, London\'s benchmark FTSE 100 index jumped 1.02 percent to 5,912.08 points, Frankfurt\'s DAX 30 added 1.06 percent to 6,763.58 points and in Paris the CAC 40 advanced 1.03 percent to 3,407.89. In foreign exchange trading, the European single currency increased to $1.3277 compared with the value late on Friday. Greek Prime Minister Lucas Papademos pushed through another package of austerity cuts on Sunday, arguing that the measures were \"the country\'s only hope\" to avoid economic meltdown and secure another bailout. However, Athens was rocked by violence, with dozens injured and buildings ablaze as an estimated 80,000 protesters descended on the Greek capital to voice their opposition. \"Despite protestors laying waste to Athens in a sign of how unpopular the proposed bill was, Papademos\'s far darker image of Greece without the bailout was grim enough to coerce a majority out of the parliament,\" said analyst Jonathan Sudaria at trading firm Capital Spreads. \"However, given what has been achieved, gains are seen as only modest as concerns now shift to the implementation risk of the austerity measures. \"With 30 percent of the parliament either abstaining or voting against the bill already, fears are that the public venom could be repeated at April\'s elections which would see a large swath of support swept away and a less co-operative government installed.\" Asian markets mostly rose after Sunday\'s vote. During the debate about 20,000 people took to the streets to demonstrate in Greece\'s second city of Thessaloniki. \"The news from Greece has clearly helped sentiment in Asia and may well have a positive impact on Monday\'s trading across the globe,\" said broker Owen Ireland at Valbury Capital. The latest austerity package was a key chapter in Greece\'s fiscal saga with lawmakers racing to secure a second bailout package, and avoid defaulting on its massive debt. The euro\'s rise was meanwhile tempered by uncertainty over implementing the austerity plan and ongoing talks between Athens and its private creditors. \"Yesterday\'s austerity vote was passed as expected by Greek lawmakers; however at this stage the passing of the vote by the parliament is now pretty much beside the point,\" said CMC Markets analyst Michael Hewson. \"The level of public anger demonstrated in Athens over the weekend suggests that implementation risk is going to be a real problem going forward. \"In passing the bill though Greek politicians have effectively thrown the ball back into the court of Eurogroup finance ministers, who are due to meet on Wednesday, where they will have to either ratify the agreement, or reject it as insufficient, and demand more austerity measures.\"  

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

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
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*

europe stocks rise after greece backs austerity bill europe stocks rise after greece backs austerity bill

 



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*

europe stocks rise after greece backs austerity bill europe stocks rise after greece backs austerity bill

 



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 Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
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 Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
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 May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
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 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 paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

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