Arab Today, arab today european shares firmer as euro jumps above 134
Last Updated : GMT 22:58:06
Arab Today, arab today
Arab Today, arab today

European shares firmer as euro jumps above $1.34

Arab Today, arab today

Arab Today, arab today European shares firmer as euro jumps above $1.34

London - AFP

European stocks closed mostly firmer Friday after strong gains across Asia while the euro hit a two-month dollar high after powerhouse Germany reported a dramatic improvement in its public finances. Dealers said the markets were more confident that the European Union has done enough to ringfence debt-stricken Greece amid increasing speculation that Athens will eventually default despite a massive second bailout agreed Tuesday. In London, the benchmark FTSE 100 index slipped a marginal 0.05 percent to 5,935.13 points, while in Frankfurt the DAX 30 rose 0.81 percent to 6,864.43 points and in Paris the CAC 40 added 0.57 percent at 3,467.03 points. Elsewhere in Europe, Milan rose 1.07 percent, Lisbon 1.12 percent, Brussels 0.40 percent and Madrid was unchanged. The European single currency stood at $1.3465, hitting levels last seen in early December and compared with $1.3369 in New York late Thursday. The dollar meanwhile rose to 80.55 yen from 79.98 yen while gold was unchanged at $1,777 an ounce. US stocks were higher in the wake of solid gains in Asia but with little concrete news to spur buying. In midday trade, the Dow Jones Industrial Average added 0.19 percent, the broad-market S&P 500 gained 0.36 percent while the tech-rich Nasdaq Composite put on 0.35 percent. \"Volumes were weak,\" said Renaud Murail of Barclays Bourse. \"There are potential buyers but few sellers because they see a positive dynamic continuing and preferred holding their positions\" he added. \"It looks as if we can end the week on a positive note,\" said David Morrison, senior strategist at traders GFT Markets. \"Equities continue to get a lift from central bank liquidity operations, as do other so-called \'risk assets\' such as precious metals and oil. \"Investors are also convinced that sufficient firewalls are in place to insulate other eurozone countries in the event of Greece defaulting -- something that is now viewed as highly probable,\" he added. Greece was launching a bond swap on Friday under a deal with private investors to write off 107 billion euros from its debt mountain of 350 billion euros ($462 billion). The bond swap, in effect a cancellation of nearly a third of debt owned by Greece, is a critical part of a debt rescue stitched together with immense difficulty by the eurozone and International Monetary Fund, to avert default. It is a second overall rescue for Greece. Trade also got a boost from fresh US data confirming a steady rise in new home sales, despite a slight slip in January from December. \"The sky looks a little more blue,\" Jennifer Lee of BMO Capital markets said. Asian shares rose strongly on Friday, pushed higher as Chinese credit eased and gains on Wall Street, dealers said. Chinese shares gained more than one percent, led by banking and property stocks with the Shanghai Composite Index up 1.25 percent. China\'s central bank cut the reserve requirement ratio for commercial banks by 50 basis points from Friday to ease restrictions on lending and give the domestic economy a boost.  

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 shares firmer as euro jumps above 134 Arab Today, arab today european shares firmer as euro jumps above 134

 



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 shares firmer as euro jumps above 134 Arab Today, arab today european shares firmer as euro jumps above 134

 



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