Arab Today, arab today european shares recover slightly after slide
Last Updated : GMT 01:21:23
Arab Today, arab today
Arab Today, arab today

European shares recover slightly after slide

Arab Today, arab today

Arab Today, arab today European shares recover slightly after slide

Ondon - AFP

Europe\'s leading stock markets recovered slightly on Monday as investors sought out bargains and reacted to takeover and jobs speculation after sharp losses before the weekend. London\'s benchmark FTSE 100 index of top shares rose 0.13 percent to 5,773.46 points, while in Frankfurt the DAX rose 0.22 percent to 7,085.14 points and in Paris the CAC 40 rose 0.07 percent to 3,807.61 points. Europe\'s top indices had closed down between 1.25 and 1.90 percent on Friday after the European Union said it was studying a possible Greek debt \"rescheduling\" to ward off the threat of Greece defaulting on its massive debts. \"After the shocker that was Friday\'s trading session, equities are experiencing something of a rebound,\" said Manoj Ladwa, senior trader at ETX Capital. Elsewhere in Europe, stocks were more mixed. Lisbon closed down 0.15 percent to 7.279.96 points. Madrid\'s Ibex-35 was nearly flat losing 0.05 percent to 9946.2 points. In Milan, the FTSE Mib closed Monday with a slight drop of 0.18 percent to 20,081 points. The Brussels Bel-20 index closed down 0.13 percent to 2,570.69 points and in Amsterdam, the AEX index closed up 0.06 percent to 334.04 points. Markets are increasingly concerned over the state of the global economy, owing to the eurozone debt crisis and slower growth in the United States and China. London\'s biggest gainer was Eurasian Natural Resources, up 5.86 percent to 785.5 pence on reports that it faced a possible takeover by commodities giant Glencore worth £12 billion (13.6 billion euros, $19.6 billion). Lloyds Banking Group\'s share price rose nearly 2.0 percent after weekend reports said that the state-rescued lender plans to axe 15,000 more jobs to save £1.0 billion. LBG was up 1.94 percent to 47.91 pence after British newspapers said the lender plans a fresh assault on jobs after already slashing 28,000 posts since 2009. Lloyds suffered huge losses in 2008 and 2009, as bad debts rocketed in the wake of its takeover of former rival HBOS, which was saddled with toxic or high-risk property investments. That led to the British state taking a 41-percent stake in the crisis-hit lender. Newspapers reported that LBG\'s new chief executive Antonio Horta-Osorio wants to strip away layers of management and exit some overseas markets, although the bank is not commenting on the speculation. \"Lloyds is making up a bulk of the volume traded so far today in the FTSE as it looks to trim more jobs,\" added Ladwa at ETX Capital. Wall Street followed also drifted upwards with the Dow Jones Industrial Average up 0.09 percent at 11,962.36 at 1600 GMT. The broader S&P 500 index had gained 0.06 percent at 1,271.68, while the tech-heavy Nasdaq Composite was up 0.06 percent at 2,642.24. \"Participants expect some bargain hunting to happen following Friday\'s losses,\" said analyst Patrick O\'Hare of Briefing.com. US industrial and energy stocks such as Boeing, Caterpillar, Chevron, IBM, 3M and Exxon led the rebound, with all of their share prices rising more than 0.5 percent at the start of trading. There were few data releases on the calendar to give the market direction. Asian stocks were mixed Monday as heavy selling Friday on Wall Street, a stronger yen and Chinese economic fears were tempered by gains in Seoul and Hong Kong, which both broke long losing streaks. Tokyo fell 0.70 percent, or 66.23 points, to 9,448.21 and Shanghai shed 0.18 percent, or 4.76 points, to 2,700.38.

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 recover slightly after slide Arab Today, arab today european shares recover slightly after slide

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar

GMT 13:40 2017 Thursday ,23 February

Muscat Securities Market loses 17 points

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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