Arab Today, arab today european markets higher
Last Updated : GMT 08:11:48
Arab Today, arab today
Arab Today, arab today

European markets higher

Arab Today, arab today

Arab Today, arab today European markets higher

London - AFP

European stocks rose solidly on Thursday with gains exaggerated by thin trading before the Christmas weekend holiday and after ECB action to fight the eurozone debt crisis with cash for banks. The benchmark FTSE 100 index jumped 1.21 percent to 5,455.71 points nearing midday in London, as traders also reacted to better-than-expected Britsh growth data. Frankfurt\'s DAX 30 won 1.35 percent to 5,868.72 points and in Paris the CAC 40 climbed 1.45 percent to 3,074.48 points. Madrid gained 1.0 percent and Milan advanced by 1.42 percent. The euro climbed to $1.3101 from $1.3046 late in New York on Wednesday. \"Markets are a little perkier following a flat to positive session for US markets,\" said Simon Denham, head of Capital Spreads trading group. \"Buyers seem to be relieved that the sell off in Europe (on Tuesday) did not follow through to US trading.\" US stocks markets closed mixed on Wednesday, with the Nasdaq dragged lower on poor Oracle earnings and other indexes finding little direction in holiday-thinned trade. \"US investors seem to be gearing up for Christmas and the year end much more so than their European counterparts,\" said Denham. \"In reality the US economy is growing well and some of the recent economic data has been surprising to the upside. \"It\'s as if they are largely ignoring the problems going on in Europe, despite the threat of what it could cause them due to their banking sector\'s exposure to Europe\'s banks,\" the analyst added. Asian markets closed down as traders questioned whether a European Central Bank move this week to pump cheap cash into banks would be enough to unclog credit markets and ease the eurozone\'s debt crisis. Following the announcement by the ECB that it would provide three-year loans at rates as low as one percent, a total of 523 banks snapped up a record 489.2 billion euros ($641 billion). However, some market watchers said the fact that so many institutions jumped in so quickly highlighted the precarious state that they were in. Tokyo fell 0.77 percent on Thursday, Hong Kong lost 0.21 percent and Sydney shed 1.18 percent. Until now, the ECB has lent for a maximum of one year and the new arrangement, offering long-term money at interest rates below inflation, is part of a series of unprecedented measures to keep credit flowing in Europe at a time when banks are increasingly wary of lending to each other due to the debt crisis. With pressure on the bank not to become lender of last resort for indebted economies, the latest plan was for banks to use the cheap money to ease their own cash flows and also buy up government debt. \"The euphoria surrounding the ECB\'s three-year tender quickly dried up, perhaps on the idea that the huge pick-up in liquidity will push the ECB further away from doing what the market ultimately wants them to do: print euros,\" Chris Weston, Institutional Dealer at IG Markets said in a note.  

arabstoday
arabstoday

GMT 21:31 2017 Wednesday ,18 October

Bahrain Bourse daily trading performance

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily 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*

Arab Today, arab today european markets higher Arab Today, arab today european markets higher

 



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 markets higher Arab Today, arab today european markets higher

 



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 Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
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 Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

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