Arab Today, arab today european equities rebound on receding rate fears
Last Updated : GMT 16:52:59
Arab Today, arab today
Arab Today, arab today

European equities rebound on receding rate fears

Arab Today, arab today

Arab Today, arab today European equities rebound on receding rate fears

European stock markets
London - AFP

European stock markets rebounded strongly Monday, after hefty gains elsewhere, as weak US data fuelled talk the US Federal Reserve would not hike interest rates any time soon.
London's FTSE 100 index jumped 2.24 percent to 6,267.09 points mid-afternoon in the British capital, while in the eurozone Frankfurt's DAX 30 won 2.85 percent to 9,825.48 points and the Paris CAC 40 rallied 3.73 percent to 4,625.99 compared with Friday's close.

In foreign exchange trading, the European single currency rose to $1.1208, just off $1.1219 Friday night in New York.

Wall Street opened strongly on the up side, with the Dow Jones Industrial Average climbing 0.73 percent to 16,592.30 after five minutes of trading.

The broad-based S&P 500 rose 0.84 percent to 1,967.81, while the tech-rich Nasdaq Composite Index gained 0.78 percent to 4,744.50.

Asian indices followed their lead from Friday's Wall Street surge after a September unemployment report increased the likelihood the US Federal Reserve will keep key interest rates near zero for longer than previously thought -- sentiment underpinning Monday's rises.
A rate hike delay would give global stock markets some breathing space after suffering their worst quarter since 2011.

"Markets had been anticipating that the Federal Reserve would raise rates in December, but Friday's very weak employment numbers may have thwarted any chance of a 2015 rate rise," said Rebecca O'Keeffe, head of investment at online stockbroker Interactive Investor.

US job growth faltered in September and the job market weakened across the board, the Labor Department said.

The US economy added a disappointing 142,000 jobs in September, well below analyst estimates of 205,000.

The prospect of rising interest rates tends to send markets lower because they increase loan repayments for businesses, while slashing disposable incomes for consumers.
"Share prices across the world have bounced strongly from Friday's lows on the prospect that the Fed's intended rate hike may now be postponed until 2016," added O'Keeffe.

- Glencore lifts sentiment -

Asian and European markets were also buoyed on Monday by reports that Swiss mining company Glencore was mulling the sale of its agriculture business.

Glencore's Hong Kong share price soared by as much as 72 percent in Hong Kong trade. It finished at HK$12.60, up 17.76 percent from Friday's closing level.

The Swiss miner's London share price soared to the top of the British stock market, adding 14.11 percent to 108.40 pence in afternoon trade.

"Glencore is once again taking the top spot on the FTSE," said analyst Brenda Kelly at traders London Capital Group.

"Shares in Hong Kong rose as much as 72 percent as discussions are believed to be underway in regards to the offloading of its agricultural business.

"Management is also apparently open to takeover offers, but rumours of this kind are the norm in the aftermath of a fairly ruthless sell-off."

Glencore stock had fluctuated wildly last week amid investor fears that sinking commodity prices would affect its ability to meet outstanding debt obligations.

The firm plunged in trading last week after brokerage Investec questioned its future if commodity prices -- which are wallowing at multi-year lows owing to weak demand from a slowing China -- fail to recover soon.

In Asia on Monday, Hong Kong stocks added 1.60 percent, Sydney won 1.95 percent and Tokyo leapt 1.58 percent, while Shanghai was shut for a 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 rebound on receding rate fears Arab Today, arab today european equities rebound on receding rate fears

 



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 15:16 2017 Sunday ,19 February

Apple to start India operations with iPhone SE

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