european shares recover slightly after slide
Last Updated : GMT 08:21:11
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.

arabstoday
arabstoday

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

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
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 recover slightly after slide european shares recover slightly after slide

 



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 recover slightly after slide european shares recover slightly after slide

 



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 Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
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 Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
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 Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
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 Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
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 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

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 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

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