european equities close mostly in the red
Last Updated : GMT 08:14:18
Arab Today, arab today
Arab Today, arab today

European equities close mostly in the red

Arab Today, arab today

Arab Today, arab today European equities close mostly in the red

London - AFP

European stock markets closed mostly in negative territory on Wednesday as traders cashed in recent gains and chewed over mixed eurozone inflation figures. London's FTSE 100 index of leading companies finished 0.45 percent lower at 6,481.5 points. Elsewhere, Frankfurt's DAX 30 ended the day more or less flat, adding a modest 0.06 percent to end at 7,970.91 points, while in Paris the CAC 40 closed 0.10 percent lower, at 3,836.04 points. In Madrid the Ibex 35 was off by 0.43 percent, ending at 8,495.20 points, and in Milan the FTSE Mib closed down by 1.74 percent at 15,745 points. In foreign exchange activity, the euro slid to $1.2951 from $1.3035 late on Tuesday in New York. Gold prices decreased to $1,589.25 an ounce on the London Bullion Market from $1,594. In New York, US stocks rose in midday trade thanks in part to a strong report on retail sales in February. The Dow Jones Industrial Average was up by 0.14 percent, the broad-based S&P 500 climbed 0.17 percent and the tech-rich Nasdaq Composite Index lifted by 0.13 percent. US retail sales picked up sharply despite a payroll tax hike, driven largely by a surge in gasoline prices, government data showed. Retail and food services sales rose 1.1 percent from January, the Commerce Department reported, much stronger than the 0.5 percent increase estimated by analysts. Back in London meanwhile, stocks were pulled lower by a number of companies going ex-dividend, which means that the stock no longer carries the right to the most recently declared dividend. "The FTSE 100 is... weighed down by ex-dividend stocks and a general lack of market-moving events," said analyst Chris Beauchamp at trading group IG. Asian markets had mostly fallen earlier on Wednesday, with few catalysts to drive buying after recent gains, while Wall Street had provided a limp lead. "Despite strong employment numbers from the US last week, markets have been unable to muster much enthusiasm for another push higher," said Beauchamp. "However, the underlying theme of the year has been that each dip has been the signal for a new round of buying, especially when central bank support is taken into account," he added. Investor sentiment was meanwhile hit by worrying monthly inflation data which showed a growing gap between eurozone member nations. "CPI data out of Europe this morning gave traders cause to take their foot off the gas, as the widening gap in data between constituent eurozone members was drawn back into focus," said CMC Markets analyst Matt Basi. Official data shows that in February, inflation reached an annualised 1.0 percent in France but soared to 2.9 percent in Spain. That contrasted with a rate of 1.5 percent in Germany. "The conflicting backdrops make blanket monetary policy an impossible balancing act - particular given the disparity in growth forecasts between Germany and their poorer continental cousins," added Basi. However, Spanish inflation data was partly skewed by a sales tax hike that was implemented in September last year as part of austerity measures. In company earnings news on Wednesday, British insurance giant Prudential announced that net profits surged 55 percent last year, as it was lifted by solid growth in key market Asia, and ramped up its full-year shareholder dividend by 15.9 percent to 29.19 pence per share. Investors applauded the news and Prudential shares closed 9.33 percent higher at 1,125 pence on the London Stock Exchange. In Germany, Commerzbank announced it would carry out a 2.5-billion-euro ($3.3-billion) capital hike to pay back state bailouts received during the 2008-2009 financial crisis. The news sent shares in Germany's second-largest bank plunging, ending down 9.72 percent, at 1.26 euros.

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*

european equities close mostly in the red european equities close mostly in the red

 



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*

european equities close mostly in the red european equities close mostly in the red

 



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