european stock markets end higher with eyes on us greece
Last Updated : GMT 00:34:39
Arab Today, arab today
Arab Today, arab today

European stock markets end higher with eyes on US, Greece

Arab Today, arab today

Arab Today, arab today European stock markets end higher with eyes on US, Greece

European stock
London - AFP

Europe's main stock markets closed higher Wednesday, with all eyes on US economic data and prospects of an interest rate hike in the world's biggest economy.

Investors also reacted to developments over Greece and China, analysts said.

London's benchmark FTSE 100 index ended the day 0.98 percent higher at 6,7432.94 points compared with Tuesday's close.

Eurozone indices performed better, with Frankfurt's DAX 30 finishing 1.57 percent ahead at 11,636,30 points, while the CAC 40 in Paris closed up 1.65 percent at 5,196.73

The euro fell to $1.0867 from $1.0882 late in New York on Tuesday.

Greece's main stock index ended the day 2.53 percent down, with banking shares taking a battering for a third day running.

Trading resumed in Athens on Monday, five weeks after the government imposed capital controls to prevent a bank run and stave off financial collapse at the height of its standoff with EU-IMF creditors over a new bailout.
The ATHEX index had finished Tuesday down 1.22 percent after suffering its steepest ever fall of 16.32 percent on Monday.

The Greek government and European Commission chief Jean-Claude Juncker have meanwhile expressed hope that debt-crippled Greece and its creditors will reach a deal on a new rescue package in time for August 20, when Athens is due to pay the European Central Bank 3.4 billion euros ($3.7 billion).

"All the reports I am getting suggest an accord this month, preferably before the 20th," Juncker told AFP in an interview on Wednesday.

Later in the day, Greek Prime Minister Alexis Tsipras said Athens had entered "the final stretch to conclude an agreement with the institutions" for a new bailout.

Asian markets were mixed Wednesday, buoyed by a possible US interest rate hike even as China's ability to stem a recent market rout weighed on sentiment.

- 'More hawkish rhetoric' -

The dollar advanced against other major currencies after Fed Reserve Bank of Atlanta President Dennis Lockhart told The Wall Street Journal in comments published this week that he supports lifting rates in September barring an unexpected downturn in the world's top economy.
"The US dollar has continued to strengthen... following more hawkish rhetoric from a Fed official which has resulted in the market discounting a higher probability of a rate hike in September," said Lee Hardman, currency analyst at Bank of Tokyo-Mitsubishi UFJ.

US stocks were trading mostly higher Wednesday after three straight down days, despite a report showing disappointing private sector jobs growth and a sharp fall in shares of Dow member Disney.

In midday trading, the Dow Jones Industrial Average was at 17,636.61 points, up 0.49 percent.

The tech-rich Nasdaq Composite Index jumped 1.33 percent to 5,173.26 points, while the broad-based S&P 500 lost early gains to trade 0.22 percent lower at 2,093.32.

Payroll firm ADP said the US private sector sharply curbed the pace of job growth in July, in a worse-than-expected report two days ahead of official jobs data.  

Connor Campbell, a Spreadex analyst in London, said despite contrasting data coming from the United States, early gains on Wall Street had "helped lift the DAX and CAC even higher, surging to a two-week high.

Campbell noted that the private sector job growth figure was 31,000 off the expected 185,000.

"The US trade balance figure widened unexpectedly, losing whatever goodwill it would have gained from the upward revision for June," he added, noting however that sharp growth in the service sector in July had "smashed expectations".

 

arabstoday
arabstoday

GMT 03:39 2017 Friday ,24 November

European markets wobble amid US Thanksgiving holiday

GMT 22:09 2017 Thursday ,23 November

Bahrain Bourse daily trading performance

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 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 stock markets end higher with eyes on us greece european stock markets end higher with eyes on us greece

 



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 stock markets end higher with eyes on us greece european stock markets end higher with eyes on us greece

 



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 PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
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 Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

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