Arab Today, arab today euro shares mixed before alcoa news
Last Updated : GMT 00:25:54
Arab Today, arab today
Arab Today, arab today

Euro shares mixed before Alcoa news

Arab Today, arab today

Arab Today, arab today Euro shares mixed before Alcoa news

London - AFP

European stock markets were mixed on Tuesday as investors digested company news and were cautious ahead of US aluminium giant Alcoa kicking off the quarterly earnings season. In afternoon deals, London's benchmark FTSE 100 index of top companies rose 0.13 percent to 6,072.53 points, and the Paris CAC 40 advanced 0.48 percent to 3,722.33. However Frankfurt's DAX 30 index slid 0.05 percent to 7,728.58 points The European single currency fell to $1.3077, compared with $1.3115 late in New York on Monday. And on the London Bullion Market, gold prices firmed to $1,653.75 per ounce, from $1,645.25. "There is an element of caution in the markets ... with Alcoa to kick of the reporting season tonight," said analyst Craig Erlam at trading group Alcoa. With the US fiscal crisis out of the way until talks next month on raising the country's borrowing limit and cutting spending, eyes are now on the upcoming earnings season and economic indicators. "With little else to focus on at the moment, investors are looking more closely at the companies for signs that they have successfully weathered the recent storms and are in a strong position when the economy picks up," added Erlam. European indicators were mixed. The unemployment rate in the eurozone hit a record 11.8 percent in November, as expected, but eurozone and EU retail sales edged up in November and economic confidence improved in December. In London, global miner Anglo American named AngloGold Ashanti boss Mark Cutifani as its new chief executive to succeed Cynthia Carroll with effect from April. Australian Cutifani, 54, has been chief executive officer of South Africa-based gold producer AngloGold Ashanti since 2007, during which time he has led a major restructuring of the business. Anglo's share price surged 2.35 percent to 2,047 pence in London as investors welcomed the appointment of a highly respected leader in the global mining industry. "The new CEO comes with a proven track record and the confirmation of his appointment has contributed to a spike in the share price," noted analyst Richard Hunter at British brokerage Hargreaves Lansdown. "Investors will now be hoping that the fortunes of Anglo American can be revived after a period of relative underperformance." Air France-KLM airline reported that firm business in Europe and Asia had enabled it to increase passenger traffic by 2.1 percent last year but also revealed that freight traffic fell by 6.3 percent. In response, Air France-KLM shares fell by 0.7 percent to 7.87 euros in Paris trade. US stocks opened lower on Tuesday with the Dow Jones Industrial Average down 0.21 percent to 13,355.61 after five minutes of trading. The broad-based S&P 500 fell 0.21 percent to 1,458.84, while the tech-heavy Nasdaq Composite edged down 0.03 percent to 3,097.86. Alcoa kicks of the fourth quarter earnings season after the US markets close on Tuesday, but Monsanto reported a 169 percent rise in profit for its quarter to November 30 on strong corn seed sales in the US and Latin America. Its shares surged 3.1 percent to $99.05. Asian equity markets retreated on Tuesday, following overnight losses in New York, as dealers took profits from recent advances while also seeking fresh catalysts. Tokyo was also weighed by a rise in the yen, which has suffered heavy selling in recent weeks, while the South Korean bourse slipped on disappointment over the latest earnings guidance from Samsung Electronics. Hong Kong stocks lost 0.94 percent, Seoul was 0.66 percent lower, Shanghai fell 0.41 percent, Sydney dipped 0.57 percent and Tokyo slid 0.86 percent.

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 euro shares mixed before alcoa news Arab Today, arab today euro shares mixed before alcoa news

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Dalia Mustafa believes in the presence of ghosts

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 15:42 2017 Saturday ,18 March

HTC U Play now available in KSA

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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