europe stocks slip awaiting cost of spain bank bailout
Last Updated : GMT 03:09:26
Arab Today, arab today
Arab Today, arab today

Europe stocks slip awaiting cost of Spain bank bailout

Arab Today, arab today

Arab Today, arab today Europe stocks slip awaiting cost of Spain bank bailout

London - AFP

Europe\'s main stock markets retreated Thursday as Spain prepared to announce the cost of bailing out its banks, and after the US Federal Reserve promised only muted stimulus to boost the economy. Markets were also downbeat following weak Chinese manufacturing data but were off early-session lows in the wake of a solid Spanish bond auction, traders said. Approaching midday in London, the benchmark FTSE 100 index of leading companies was down 0.54 percent at 5,591.75 points. Frankfurt\'s DAX 30 dropped 0.39 percent to 6,366.90 points and in Paris the CAC 40 fell 0.41 percent to 3,113.79 percent. Madrid\'s IBEX 35 index dipped 0.08 percent to 6,789.5 points. In foreign exchange deals, the euro fell to $1.2664 from $1.2702 late on Wednesday in New York. \"Financial markets are under pressure again, with clients reducing appetite for risk -- preferring traditional safe havens like core government bonds versus equities and riskier currencies like the euro,\" said Ishaq Siddiqi, a market strategist at ETX Capital trading group in London. Madrid was to later Thursday reveal the price of a vast banking rescue that has stoked fears of a full-blown bailout. Ahead of the announcement, Spain showed it could still tap the bond market at a pivotal time by easily raising 2.22 billion euros for a mixture of two-, three and five-year bonds. But it had to pay soaring rates to lure investors. \"A solid Spanish debt auction has been a driver of the markets\' mild recovery heading into lunch,\" said Siddiqi. Asian stock markets meanwhile mostly closed lower Thursday on disappointment at the US Federal Reserve\'s muted stimulus measures aimed at kickstarting the economy, while European concerns also remained in focus. Adding to the selling pressure were preliminary numbers from banking giant HSBC showing China\'s manufacturing activity hit a seven-month low in June. Sydney\'s stock market fell 1.09 percent, Seoul gave up 0.79 percent and Hong Kong tumbled 1.30 percent. Tokyo closed up 0.82 percent owing to a slightly weaker yen, traders said. The US central bank on Wednesday said it would extend Operation Twist -- selling short-term debt to buy longer term Treasuries -- for another six months and was \"prepared to take further action\" if needed. The plan is to push down interest rates for borrowers, reducing mortgage repayments. However, traders who had sent stock markets spiking on Wednesday in expectation of a third round of monetary stimulus -- or quantitative easing -- were unimpressed. The Fed, after a two-day meeting, also predicted US growth would be even worse than thought this year, forecasting 2012 growth of between 1.9 and 2.4 percent -- a half point cut from predictions made as recently as April. Chairman Ben Bernanke also pointed to slower progress in reducing unemployment and to spillovers from Europe\'s economic crisis.

arabstoday
arabstoday

GMT 03:39 2017 Friday ,24 November

European markets wobble amid US Thanksgiving holiday

GMT 22:09 2017 Thursday ,23 November

Bahrain Bourse daily trading performance

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 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*

europe stocks slip awaiting cost of spain bank bailout europe stocks slip awaiting cost of spain bank bailout

 



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 slip awaiting cost of spain bank bailout europe stocks slip awaiting cost of spain bank bailout

 



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 PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
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 Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

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