Arab Today, arab today european stocks advance before key us payrolls data
Last Updated : GMT 03:07:18
Arab Today, arab today
Arab Today, arab today

European stocks advance before key US payrolls data

Arab Today, arab today

Arab Today, arab today European stocks advance before key US payrolls data

London - AFP

European stock markets rose on Friday, before key US payrolls numbers that could shed fresh light on how soon the Federal Reserve might begin withdrawing its stimulus. London's benchmark FTSE 100 index added 0.36 percent to 6,521.78 points in midday trading, Frankfurt's DAX 30 index climbed 0.44 percent to 9,125.44 points and in Paris the CAC 40 gained 0.14 percent to 4,105.73 compared with Thursday's closing values. Later on Friday, at 1330 GMT, investors will digest the non-farm payrolls report, which will provide vital clues on the health of the world's biggest economy. "Equity markets remain relatively subdued in the run up to today's US employment number," said Rebecca O'Keeffe, head of investment at online stockbroker Interactive Investor. "Despite the probability that the Fed will wait until February or March next year to start tapering, the strength of the US economy has increased the possibility of this happening in December." In foreign exchange activity on Friday, the euro climbed to $1.3670 from $1.3595 late in New York on Thursday. Gold prices meanwhile rose to $1,229.05 an ounce on the London Bullion Market, up from $1,222.50. "US labour market data is closely watched by market participants as it is the main factor the Fed is looking at at the moment because of its importance in the context of a potential decision regarding winding down" its bond-buying stimulus programme, said Verengold Bank analyst Anita Paluch. "Euro/dollar will be driven by the sentiment of NFP numbers," she added. Asian equity markets mostly fell on Friday as better-than-forecast US growth data added to expectations the Fed will start to wind down its stimulus programme as early as this month. Sydney lost 0.23 percent, Shanghai finished 0.44 percent down and Seoul slid 0.22 percent, while Tokyo gained 0.81 percent in value. The downbeat session followed overnight losses on Wall Street, where dealers were spooked as weaker-than-expected data on private jobs creation underscored weakness in the US economy. The Commerce Department reported the US economy grew at speedy 3.6 percent in the third quarter, far above the 3.0 percent many analysts had expected. In reaction, the Dow Jones Industrial Average lost 0.43 percent to 15,821.51 points and the broad-based S&P 500 fell 0.43 percent. Both indices have declined for the last five trading days. In company news on Friday, Anglo-Dutch oil giant Shell announced that it has abandoned plans to build a US facility to convert natural gas into diesel and other fuels, citing high costs. The news sent Shell's 'B' share price jumping 2.81 percent to 2,155 pence in London.

arabstoday
arabstoday

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 advance before key us payrolls data Arab Today, arab today european stocks advance before key us payrolls data

 



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 advance before key us payrolls data Arab Today, arab today european stocks advance before key us payrolls data

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
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 Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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