Arab Today, arab today european equities drop before us gdp fed rate call
Last Updated : GMT 14:49:54
Arab Today, arab today
Arab Today, arab today

European equities drop before US GDP, Fed rate call

Arab Today, arab today

Arab Today, arab today European equities drop before US GDP, Fed rate call

The euro hit a 3-week dollar
London - AFP

data, and before the outcome of the Federal Reserve's latest monetary policy meeting.

In early afternoon deals, London's benchmark FTSE 100 slid 0.28 percent to 7,010.70 points compared with Tuesday's closing level.

Frankfurt's DAX 30 index dropped 0.45 percent to 11,758 points and the CAC 40 in Paris reversed 0.62 percent to stand at 5,141.

The euro however hit a three-week dollar peak at $1.1014 on hopes that Greece will hammer out a bailout reform deal with creditors and avert a default.

The greenback also took a hit as an early US interest rate rise looks increasingly unlikely, dealers said.

Wednesday sees the release of the US government's first estimate on first-quarter economic growth, with analysts forecasting 1.0 percent, sharply down from a 2.2-percent pace in the previous three months.

"The USA looks set to be the latest country disappointed by its first quarter GDP figures," noted Spreadex analyst Connor Campbell.

"After last quarter's figure was revised down to 2.2 percent, analysts are expecting a big drop for 2015’s first quarter."

Europe's equities had dropped on Tuesday as market uncertainty resurfaced over Greece reaching a debt deal with its EU-IMF creditors.

A new Greek expert team, tasked with negotiating with the country's creditors, met Tuesday to draw up a series of reforms aimed at finally reaching a deal.

The "political negotiation team", led by the Dutch-born economics professor and junior foreign minister Euclid Tsakalotos, met late in the evening "to devise reform proposals," the finance ministry said.

Greece needs to be realistic when negotiating debt relief, Eurogroup chief Jeroen Dijsselbloem cautioned earlier Tuesday, as Athens runs out of time and money to settle a deal.

On the London stock market, miners lit up the fallers board on the FTSE 100, as investors fretted over heavy falls for copper prices.

Antofagasta shares sank 2.87 percent to 779 pence, BHP Billiton shed 2.39 percent to 1,551.50 pence and Rio Tinto dropped 1.85 percent to 2,925.50 pence.

And British bank Barclays saw its share price slide 1.63 percent to 257.05 pence on the back of a grim results statement.

The scandal-hit lender warned that fines linked to its alleged role in foreign exchange market rigging could top £2.0 billion ($3.1 billion, 2.8 billion euros), after posting plunging first-quarter net profits.

The British lender added it has set aside another £800 million for "investigations and litigation primarily relating to foreign exchange", taking the group's total provision to £2.050 billion.

Asian stock markets meanwhile slipped Wednesday after more weak US economic data raised questions about the health of the world's top economy.

Sydney plunged 1.85 percent and Hong Kong dropped 0.15 percent, but Shanghai recovered from early losses to close flat. Tokyo was closed for a public holiday.

 

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 before us gdp fed rate call Arab Today, arab today european equities drop before us gdp fed rate call

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed

GMT 09:00 2017 Thursday ,16 February

Bahrain Bourse daily trading report

GMT 05:07 2017 Thursday ,16 February

Saudi stocks rise 0.6%

GMT 04:45 2017 Thursday ,16 February

Gold prices edge lower
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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