Arab Today, arab today european stock markets fall awaiting rates movement
Last Updated : GMT 02:13:10
Arab Today, arab today
Arab Today, arab today

European stock markets fall awaiting rates movement

Arab Today, arab today

Arab Today, arab today European stock markets fall awaiting rates movement

European stock markets
London - AFP

Europe's main stock markets fell on Thursday, the eve of US jobs data that could cement expectations of a Fed rate rise next month.

London's benchmark FTSE 100 index slid 0.47 percent to 6,720.50 points in late morning trade, with the Bank of England set to keep its main interest rate at 0.50 percent in a decision due Thursday.

Frankfurt's DAX 30 dropped 0.10 percent to 11,624.39 points and the CAC 40 in Paris shed 0.16 percent to stand at 5,188.36.

"As the camp expecting a rates rise in the coming months from both US and UK central bankers gains support, investors will be paying close attention to macroeconomic data releases," said Kash Kamal, senior analyst at Sucden Financial Research.

Europe's leading stock markets had closed higher Wednesday, while on Thursday the euro slipped to $1.0896 from $1.0904 late in New York on Wednesday.

The pound rose to $1.5626 from $1.5603 Wednesday, with investors reacting to news that British industrial production fell in June by 0.4 percent.

"June’s industrial production figures highlight that the strong pound and weak overseas demand held back the manufacturing sector’s recovery in the second quarter," said Paul Hollingsworth, UK Economist at Capital Economics research group.

Positive US data has meanwhile strengthened the case for an interest rate hike from the Federal Reserve as early as next month.

US stocks finished mostly higher Wednesday, but a disappointing earnings report from Disney weighed on the Dow Jones Industrial Average.

Traders are now focusing on Friday's official US employment figures, after payroll firm ADP estimated that the private sector in the world's biggest economy added 185,000 jobs in July, much below the analyst estimates.

The data was offset however by a separate release Wednesday from the Institute for Supply Management, which said the US service sector expanded 4.3 percent in July to a record high.

Back in Europe, Greek Prime Minister Alexis Tsipras on Wednesday said his government is nearing a deal with international creditors on a mammoth bailout, as his spokeswoman raised the prospect of early elections in the fall .

Greece's main stocks index was 3.35-percent higher at 664.77 points in trading on Thursday.

The Athens market reopened 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 gain, if it holds, would the first since the record 16-percent plunge at the start of the volatile trading week.

Germany is meanwhile growing increasingly dubious that a deal on a third bailout for Greece can be sealed this month, the daily Bild reported Thursday citing a government source.

With just two weeks to go until an August 20 deadline, when Greece needs money from a new bailout to repay some 3.4 billion euros ($3.7 billion) due to the European Central Bank, the unnamed official told Bild: "It can't be done."

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 fall awaiting rates movement Arab Today, arab today european stock markets fall awaiting rates movement

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
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 UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 15:57 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 15:41 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 14:44 2017 Sunday ,26 February

Muscat shares fall on local selling

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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 Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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