europe stocks stage rise paris tops 4000
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Europe stocks stage rise; Paris tops 4000

Arab Today, arab today

Arab Today, arab today Europe stocks stage rise; Paris tops 4000

London - AFP

Europe\'s main stock markets rebounded on Friday, with Paris jumping above 4,000 points for the first time since July 2011 as traders went bargain-hunting after earlier losses, dealers said. In late morning deals, the Paris CAC 40 rallied to 4,009.15 points, which was the highest level since July 7, 2011. It later stood at 3,992.65 points, up 0.34 percent from Thursday\'s close. Elsewhere, London\'s benchmark FTSE 100 gained 0.36 percent to 6,712.02 points, while Frankfurt\'s DAX 30 index won 0.14 percent to 8,380.06. \"What we are seeing here is just another case of buying the dips,\" analyst Craig Erlam at trading group Alpari. Markets had traded in negative territory for much of the morning, after overnight losses on Wall Street, as sentiment was hurt by weak economic data and speculation that the Federal Reserve was mulling an exit to its quantitative easing (QE) stimulus policy, dealers said. \"Earlier in the session, European stocks were in negative territory following the comments from two members of the Fed that suggested we could see the asset purchases phased out as early as this summer,\" Erlam told AFP. \"As we have seen on numerous occasions recently, this has just been taken as an opportunity to buy the dip and continue to drive the indices. He added: \"The fact that the threat of asset purchases being scaled back as early as this summer hasn\'t been taken too seriously (and) shows that very little is going to stop these indices continuing to hit new highs. \"At this stage it seems that only suggestions from (Fed chief) Ben Bernanke himself about the scaling back of asset purchases will bring investors back down to earth.\" According to Dow Jones Newswires, Federal Reserve Bank of San Francisco President John Williams said he was open to scaling back the Fed\'s bond-buying programme in the coming months if the economy continued to improve. Philadelphia Fed President Charles Plosser had already hinted at a potential tapering out of the US central bank\'s QE stimulus. \"In light of reports this week that the Fed has mapped out a plan to exit QE, traders are on edge about the prospects of the US economic recovery,\" said ETX Capital analyst Ishaq Siddiqi. \"Markets... are unsure if the US economy can go at it alone without the support of the central bank in forthcoming months.\" In foreign exchange deals on Friday, the European single currency eased to $1.2867 from $1.2881 late in New York on Thursday. Wall Street\'s Dow Jones Industrial Average dropped 0.28 percent on Thursday, pausing from its recent record streak after a disappointing earnings report from Walmart and some middling economic data. Retail giant Walmart reported disappointing profits and signalled weaker-than-expected results in the second quarter. Investors were also unimpressed by a rise in initial US jobless claims by 32,000 to 360,000. New building permits meanwhile soared in April, but housing starts plummeted. \"Higher initial claims, weaker housing starts and a negative \'Philly Fed\' index all pointed to weaker growth in the United States,\" said economist Derek Halpenny at the Bank of Tokyo Mitsubishi UFJ in London. Asian stock markets meanwhile turned in a mixed performance, with sentiment also hit by losses in New York. Tokyo gained 0.67 percent, Shanghai stocks added 0.21 percent and Sydney rose 0.29 percent, while Taipei fell 0.26 percent. Hong Kong and Seoul markets were closed for public holidays. Elsewhere on Friday, the yen remained pressured by Japan\'s enormous monetary easing policies. The euro climbed to 132.01 yen. It had soared as high as 132.77 yen on Tuesday, touching the highest level since January 2012. And the dollar rose to 102.57 yen on Friday, one day after soaring to 102.76 yen -- which was a level last witnessed in October 2008. On the London Bullion Market, the price of gold dipped to $1,376.35 an ounce, from $1,381 late on Thursday.

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 stage rise paris tops 4000 europe stocks stage rise paris tops 4000

 



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 stage rise paris tops 4000 europe stocks stage rise paris tops 4000

 



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 Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
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 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

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