Arab Today, arab today european stocks add to preweekend gains
Last Updated : GMT 21:34:00
Arab Today, arab today
Arab Today, arab today

European stocks add to pre-weekend gains

Arab Today, arab today

Arab Today, arab today European stocks add to pre-weekend gains

London - AFP

European stock markets rose steadily on Monday after spiking sharply ahead of the weekend on better-than-expected US jobs data and some belated optimism over the eurozone debt crisis, traders said. London\'s benchmark FTSE 100 index of top companies edged up 0.04 percent to 5,789.51 points in late morning deals. Frankfurt\'s DAX 30 gained 0.58 percent to 6,905.28 points and in Paris the CAC 40 climbed 0.30 percent to 3,384.36 points. Madrid rose 0.25 percent and Milan added 0.68 percent. \"Markets are looking to extend Friday\'s positive tone this morning, with a healthy session in Asia overnight adding support,\" said Ishaq Siddiqi, market strategist at ETX Capital trading group. \"Volatility is expected to remain pretty high given a lack of volumes as the summer season is in full swing. The US market open should offer some much needed direction,\" he added. Markets shot higher Friday and in Asia on Monday after the US economy, the world\'s biggest, added 163,000 jobs in July -- the strongest gain since February and beating forecasts for a rise of 100,000. Despite a 0.1 percentage point rise in the unemployment rate to 8.3 percent the figures were welcomed by investors who took the report as a sign of resilience in the US economy. The figures were doubly welcomed by markets which tumbled Thursday when the European Central Bank failed to announce concrete plans to support the euro, despite Mario Draghi saying earlier, the ECB would do whatever was needed. However, the initial disappointment was reversed after officials on Friday said the ECB could intervene and buy the bonds of struggling eurozone countries without unanimous approval. Those comments raised hopes that a bond buying programme to help struggling countries such as Spain and Italy was still possible. \"The initial sense of disappointment which followed last week\'s ECB policy meeting has soon been replaced by building optimism that the European authorities will soon implement more effective measures to dampen government bond yields in Italy and Spain,\" said Lee Hardman, currency analyst at the Bank of Tokyo-Mitsubishi in London. The European single currency hit a one-month high at $1.2444 in Asian trading on Monday. It later eased back to $1.2372, slightly down from $1.2381 late Friday in New York. Asian stock markets rebounded strongly Monday, with Tokyo closing up 2.0 percent, Hong Kong 1.69 percent and Sydney 1.21 percent. On Wall Street Friday, the Dow jumped 1.69 percent, the Nasdaq climbed 2.0 percent and the S&P 500 rose 1.90 percent. \"On Friday, European and US equities enjoyed extremely strong finishes to the week after a better-than-expected non-farm payrolls report and hints from Spain that it might finally consider requesting full assistance from the EU\'s rescue funds prompted a sharp \'risk-on\' rally,\" said Cameron Peacock, analyst at traders IG Markets.

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 stocks add to preweekend gains Arab Today, arab today european stocks add to preweekend gains

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
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 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed

GMT 09:00 2017 Thursday ,16 February

Bahrain Bourse daily trading report

GMT 05:07 2017 Thursday ,16 February

Saudi stocks rise 0.6%

GMT 04:45 2017 Thursday ,16 February

Gold prices edge lower
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 Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
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 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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