Arab Today, arab today european equities stage rebound
Last Updated : GMT 16:29:10
Arab Today, arab today
Arab Today, arab today

European equities stage rebound

Arab Today, arab today

Arab Today, arab today European equities stage rebound

European shares
London - AFP

European stocks rebounded Wednesday as investors snapped up bargain shares and eyed hopes of more eurozone stimulus, after recent heavy falls sparked by global growth worries.

London's benchmark FTSE 100 index of top companies jumped 2.31 percent to 6,046.0 points in early afternoon deals.

In Paris, the CAC 40 index leapt 2.74 percent to 4,349.75 compared with Tuesday's close.

Frankfurt's DAX 30 won 2.37 percent to 9,674.61 but troubled carmaker Volkswagen reversed some of its earlier gains after announcing plans to recall millions of cars fitted with pollution-cheating software.

VW's share price rose as high as 101.60 euros, but later stood at 96.79 euros, up 1.67 percent from Tuesday.

In foreign exchange, the euro slipped to $1.1217 from $1.1254 late on Tuesday in New York, as markets awaited Friday's key US jobs data.

"Wednesday morning’s super, if unwarranted, surge continued as the day went on, as a wave European data seemingly aided the indices with their gains," said analyst Connor Campbell at trading firm Spreadex.

Eurozone inflation unexpectedly fell to negative 0.1 percent in September, data showed, suggesting a dangerous spell of falling prices could be returning to Europe.

The return to negative territory will add to pressure on the European Central Bank to increase its huge quantitative easing (QE) stimulus programme which is meant to ward off deflation and keep the economy on track.

Analysts surveyed by Bloomberg had expected a zero rate after a gain of 0.1 percent in August.

"Whilst one month of negative inflation is not going to send (ECB head) Mario Draghi scrambling to open his big box of ECB QE, it does suggest that, perhaps, the central bank’s stimulus programme is not having the same effect as it did when it was first introduced back in March," added Campbell.

Back then, the ECB launched a more than one-trillion-euro  quantitative easing stimulus programme running through to September next year to get eurozone inflation closer to its 2.0 percent target.

The ECB's scheme initially appeared to work, slowly pushing inflation back up in core eurozone economies such as France and Germany.

But the rise has now stalled in Germany, the eurozone's biggest economy.

Despite Wednesday's gains, Europe's stock markets have suffered hefty losses during the third quarter on fears surrounding China's slowing economy.

Frankfurt has slumped by 12 percent, while both London and Paris have each shed about eight percent in value over the last three months.

The region's equities had slid Tuesday on global growth jitters, adding to heavy losses at the start of the week, but Swiss mining giant Glencore's shares rebounded on assurances of solvency.

In early afternoon trade on Wednesday, Glencore's London shares gained another 11.03 percent to 89.02 pence.

Glencore shares had collapsed by almost 30 percent on Monday, rocked by gloomy analyst comments and worries about slowing economic growth in key commodity consumer China.

London's top gainer on Wednesday, meanwhile, was Sainsbury.

The supermarket group's share price surged 14.44 percent to 262.40 pence, after lifting its full-year profits forecast to £548 million ($831 million, 739 million euros).

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 stage rebound Arab Today, arab today european equities stage rebound

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
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 Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
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 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

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
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 Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
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 Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
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 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

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 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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