Arab Today, arab today european equities drop after asia losses
Last Updated : GMT 18:30:25
Arab Today, arab today
Arab Today, arab today

European equities drop after Asia losses

Arab Today, arab today

Arab Today, arab today European equities drop after Asia losses

London - AFP

European stock markets fell on Wednesday, mirroring earlier losses in Asia, as traders cashed in recent gains and absorbed diverging eurozone inflation data. London\'s FTSE 100 index of leading companies dropped 0.87 percent to 6,453.90 points in late morning deals in the British capital. Elsewhere, Frankfurt\'s DAX 30 shed 0.11 percent to 7,957.03 points and in Paris the CAC 40 lost 0.42 percent to 3,823.70. In foreign exchange activity, the euro slid to $1.3018 from $1.3035 late on Tuesday in New York. Gold prices decreased to $1,592.50 an ounce on the London Bullion Market from $1,594. London 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 provided a limp lead. New York\'s Dow Jones Industrial Average extended its record-breaking run to six sessions but only by squeezing out a marginal gain of just 0.02 percent, despite last Friday\'s healthy non-farm payrolls data. \"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, sending Prudential shares soaring by 3.11 percent to 1,061 pence in midday deals in the British capital.

arabstoday
arabstoday

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 european equities drop after asia losses Arab Today, arab today european equities drop after asia losses

 



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 european equities drop after asia losses Arab Today, arab today european equities drop after asia losses

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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