european shares euro rally
Last Updated : GMT 04:22:55
Arab Today, arab today
Arab Today, arab today

European shares, euro rally

Arab Today, arab today

Arab Today, arab today European shares, euro rally

London - AFP

European stocks mostly rallied and the euro shot higher against the dollar on Tuesday as bright German economic data and a successful Spanish bond auction provided respite from the eurozone debt crisis. In company news, AT&T scrapped its $39-billion deal to buy T-Mobile USA from Deutsche Telekom, whose shares fell about 1.0 percent on the DAX 30 -- up 1.05 percent overall at 5,730.77 points in midday Frankfurt trade. The Paris CAC 40 advanced 1.13 percent to 3,007.98 points, while London\'s FTSE 100 index was flat at 5,367.35 points. Madrid gained 1.33 percent and Milan 1.45 percent. In foreign exchange deals, the euro jumped to $1.3062 from $1.2996 late in New York on Monday. Shares mostly rose \"after a successful Spanish bond auction and a better than expected German Ifo survey,\" said Joshua Raymond, chief market strategist at the City Index trading group. But London failed to make gains with \"resource stocks weighed somewhat by weakness in oil and financial firms,\" he said. \"Trading is choppy once again, a likely common theme this week, with the majority of traders sitting on the sidelines now for the holiday period and this is exacerbating market moves and clouding true market sentiment,\" Raymond added. Two leading sentiment indicators in Germany surprised on the bright side on Tuesday, bringing a touch of Christmas sparkle to the pall of gloom currently enveloping the eurozone. The Ifo economic institute said it was bringing \"good tidings\" with the announcement that its closely watched business sentiment index defied analysts\' expectations for the second month in a row and rose to 107.2 points in December from 106.6 in November. Analysts had been projecting a fall in the index to about 106 points. A separate survey showed that German consumer confidence was holding up as rising employment and incomes helped to offset looming recession fears. In Madrid, Spain raised 5.64 billion euros ($7.4 billion) in an auction of short-term debt, raising more money than first planned as it locked in sharply lower borrowing rates. Spain had originally planned to sell 3.5-4.5 billion euros in three- and six-month bills in Tuesday\'s auction. Rates fell dramatically from the last comparable auction last month, a sign of easing market tensions. The 17-nation eurozone, which includes Germany, France and Spain but not Britain, agreed on Monday to lend 150 billion euros to the International Monetary Fund for use in stabilising the single currency area, a governmental source said. The source said the aim was still to reach the 200 billion euros target set by EU leaders at a December 9 summit, despite a British refusal to stump up its roughly 30-billion-euro share based on IMF quotas. Asian stock markets meanwhile closed mixed on Tuesday as initial concerns about regional tensions after the death of North Korea\'s Kim Jong-Il subsided, although European debt woes dragged on sentiment. With attention turning to the leadership succession in Pyongyang, markets were relieved that there seemed to be no internal turmoil in the nuclear-armed state, providing dealers an opportunity to pick up cheap stocks. Seoul, which tumbled 3.4 percent on Monday, rebounded on Tuesday to end 0.91 percent higher. Tokyo rose 0.49 percent, while Shanghai shed 0.10 percent. Regional markets tumbled Monday after news Kim had died, throwing into uncertainty the future of the hermit state, which for years has raised tensions in the region with its erratic behaviour and nuclear capability. However, analysts said that with his son Kim Jong-Un hailed in state media as the \"great successor\" there seemed to be some stability and there would likely be minimal impact on financial markets.

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
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*

european shares euro rally european shares euro rally

 



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*

european shares euro rally european shares euro rally

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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