Arab Today, arab today european stock markets end lower
Last Updated : GMT 06:23:23
Arab Today, arab today
Arab Today, arab today

European stock markets end lower

Arab Today, arab today

Arab Today, arab today European stock markets end lower

Brokers work at the stock exchange in Frankfurt am Main
London - AFP

Europe's stock markets fell on Wednesday, hit by concerns that recent rises may have been sharper than warranted against a backdrop of conflict in Ukraine and fresh banking strains.
The euro briefly fell to an eight-month low against the dollar amid concerns about the health of the eurozone economy.
Traders said sentiment had also been hit by news that several huge mergers had collapsed, including 21st Century Fox's bid for Time Warner and that of US wireless operator Sprint for T-Mobile.
"A perfect storm of low volumes, geopolitical worries and pulled mergers is conspiring to keep markets on the back foot," said Chris Beauchamp, market analyst at IG trading group.
After two days of gains, Frankfurt's main DAX index closed down 0.65 percent to 9,130.04 points.
London's benchmark FTSE 100 index shed 0.69 percent to 6,636.16 points, while in Paris the CAC 40 lost 0.61 percent at 4,207.14 points.
The overall Lisbon PSI stock index of 18 companies fell 4.07 percent to 5,579.68 points, pulled lower by the banking sector in the wake of the collapse of BES bank.
The Italian stock market dropped 2.70 percent after official data showed the eurozone's third-largest economy slid back into recession in the second quarter.
Adding to concerns about the health of the eurozone, data showed industrial orders in its largest economy Germany fell in June, weighed down by declining foreign orders amid fears about Ukraine.
Investors were spooked further by NATO's accusations that Russia has sent more troops to the border with Ukraine and could be planning to use the pretext of a humanitarian mission to invade eastern Ukraine.
Amid the uncertainty, investors dived into the perceived safe haven of German bonds, pushing down the country's borrowing costs to the lowest-ever interest rate of 1.103 percent.
"A triple-dip recession in Italy, and Russian troops on the Ukrainian border weighed on European stocks in early trading, but some stronger corporate earnings in the US helped markets pull off their lows," said Jasper Lawler, an analyst at CMC Markets.
- US stocks sour -
US markets turned higher after a weak opening, boosted by data showing an improvement in the trade balance of the world's largest economy, and strong earnings from Disney.
In mid-afternoon trading, the Dow Jones Industrial Average gained 0.34 percent to 16,485.61.
The broad-based S&P 500 added 0.40 percent to 1,927.91, while the tech-rich Nasdaq Composite Index rose 0.56 percent to 4,377.10.
In foreign exchange trading, the euro was lower at $1.3355 compared with $1.3375 late in New York on Tuesday.
Earlier on Wednesday, the European single currency reached its lowest level since November last year, at $1.3333.
The euro rose to 79.33 pence from 79.21 pence on Tuesday. The pound slid to $1.6833 from $1.6884, after the British currency was hit by weaker-than-expected manufacturing data.
On the London Bullion Market, the price of safe-haven gold gained to $1,306.50 an ounce from $1,284.75.
Traders were meanwhile awaiting interest rate decisions from the European Central Bank and the Bank of England due on Thursday.
Standard Chartered, the emerging markets bank, confirmed it faces fresh US fines over alleged breaches of money-laundering regulations, as it also announced a rise in first-half net profits.
The London-listed bank's share price fell 0.70 percent to 1,208 pence.
Traders zoomed into the car sector after China stepped up pressure on foreign makers in the world's biggest auto market, pledging to punish Germany's Audi and Chrysler of the United States for "monopoly behaviour".
Volkswagen shares ended down 0.94 percent to 168.40 euros while Renault shares lost 3.01 percent in Paris.

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 stock markets end lower Arab Today, arab today european stock markets end lower

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today More than 100 injured in train collision in South Africa
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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