Arab Today, arab today european markets in downbeat start to week
Last Updated : GMT 15:32:39
Arab Today, arab today
Arab Today, arab today

European markets in downbeat start to week

Arab Today, arab today

Arab Today, arab today European markets in downbeat start to week

European stock markets
London - AFP

European stock markets slid on Monday as traders took profits and eyed global economic worries on the eve of crucial Chinese growth figures, dealers said.
In midday trading, London's benchmark FTSE 100 index of top companies fell 0.70 percent to 6,266.27 points compared with Friday's closing level.
Frankfurt's DAX 30 index dipped 0.88 percent to 8,773.00 points and the CAC 40 in Paris reversed 0.76 percent to 4,002.46.
The euro meanwhile edged higher against the US dollar.
"It looks like the volatility in equity markets may not yet be over," said analyst James Hughes at trading firm Alpari.
"US and European markets staged an impressive comeback on Friday, managing to help lead a recovery to the correction.
"However we cannot yet rest easy and get back into the long-term buying trend, with a whole host of economic data due for release this week."
- Chinese GDP in focus -
Investors will pay particularly close attention to Chinese third-quarter gross domestic product (GDP) data on Tuesday.
Markets were rocked by near panic last week as traders worried over the economic outlook in China and the United States, while the eurozone faced fears of a possible recession.
European equities had rebounded on Friday as investors snapped up bargains, ending a roller-coaster week marked by alarm over global growth, a reemergence of eurozone tensions and the spreading Ebola virus.
The global selloff was sparked on Tuesday by official data showing US retail sales and producer prices both fell in September.
However, sentiment improved on Thursday on news of rebounding US industrial production and a drop in weekly US jobless claims to a 14-year low.
"European shares are starting out the new trading week little changed to slightly lower this morning with shares seeing a bit of profit taking early on," said analyst Markus Huber at brokerage Peregrine & Black on Monday.
"Overall not much has changed and the main topic remains economic growth concerns especially within the eurozone, however many consider last week’s sharp market reaction to mediocre US economic data somewhat overdone."
In Paris on Monday, the biggest faller was French digital security company Gemalto. Its share price dived 7.17 percent to 54.9 euros on the back of negative broker comment.
On the upside, advertising group Havas jumped 6.78 percent to 6.093 euros after its main shareholder, French conglomerate Bollore, announced a takeover bid.
Shares in Bollore however fell by 7.09 percent to 352 euros.
In Lisbon, shares in Portugal Telecom plunged 20.92 percent to a record low of 0.96 euros on doubts about prospects for its merger with Brazilian operator Oi.
In Athens, the main Athex index, which had fallen heavily last week, was up 1.91 percent, and the yield on Greek 10-year bonds continued to ease, to 7.996 percent.
- Asia, US stocks rally -
Asian stocks rallied on Monday following a rise in New York at the end of last week, with Tokyo surging thanks also to a weaker yen which boosts exporters.
While the gains will come as some relief after the ups and downs of last week, traders are nervously watching the release of Chinese economic growth data.
Tokyo stocks, which ended last week at a five-month low, raced 3.98 percent higher in the biggest one-day points gain since June 2013, adding 578.72 points to finish at 15,111.23.
The market in Sydney jumped 0.90 percent, Shanghai rose 0.66 percent and Hong Kong increased 0.20 percent.
Investors took their lead from Wall Street, where the three main indexes saw healthy advances Friday on bargain-buying and following upbeat earnings reports from General Electric and Morgan Stanley.
The Dow added 1.63 percent, the S&P 500 jumped 1.29 percent and the Nasdaq gained 0.97 percent.
In foreign exchange on Monday, the euro firmed to $1.2766, compared with $1.2759 late in New York on Friday.
The European single currency eased to 79.14 British pence from 79.27 pence. The pound was worth $1.6127, up from $1.6091 on Thursday.
On the London Bullion Market, the price of gold rose to $1,241 an ounce from $1,234.25.

 

arabstoday
arabstoday

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

GMT 11:06 2017 Thursday ,12 October

Wall Street ends at fresh records; Spanish stocks gain

GMT 21:13 2017 Wednesday ,11 October

Bahrain Bourse daily trading report (update)
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 in downbeat start to week Arab Today, arab today european markets in downbeat start to week

 



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 in downbeat start to week Arab Today, arab today european markets in downbeat start to week

 



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 EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
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 Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
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 Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
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 Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

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 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

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