Arab Today, arab today european stocks advance in subdued christmas trade
Last Updated : GMT 18:33:32
Arab Today, arab today
Arab Today, arab today

European stocks advance in subdued Christmas trade

Arab Today, arab today

Arab Today, arab today European stocks advance in subdued Christmas trade

European equities
London - AFP

European equities rose in thin holiday trade Tuesday as dealers eyed a record US gains despite sharp falls in Asia, with Frankfurt ahead before its early Christmas shutdown.
In late morning deals, London's FTSE 100 index of top shares rose 0.35 percent to 6,599.48 points and the Paris CAC 40 won 0.62 percent to 4,280.84 compared with Monday's close.
Frankfurt's DAX 30 index drifted 0.16 percent higher to 9,881.94 points.
The euro edged up to $1.2237, having dived to $1.2220 on Monday, matching Friday's two-year low point.
All three European indices had risen strongly on Monday, in another "Santa Claus rally" day for global equity markets cheered by last week's US Federal Reserve meeting which eased fears of an imminent interest rate hike.
- Festive shutdown looms -
"Yesterday’s gains on Wall Street have given the FTSE-100 something of a lift," said analyst Tony Cross at trading firm Trustnet Direct.
The Frankfurt stock market closes for Christmas at the end of trade today, while London and Paris will shut down at lunchtime on Wednesday. All three markets reopen for business on Monday.
Trade was thin with many investors away for an extended festive break for Christmas and New Year holidays.
In Asia, however, China led a slump on Tuesday, with Shanghai registering one of its biggest percentage falls of the year and banks among the biggest losers there.
Dealers said a recent run-up following a surprise Chinese interest rate cut had created room for a market correction.
Shanghai dived 3.03 percent and the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.39 percent.
Hong Kong ended down 0.32 percent, Sydney dropped 61.1 points and Seoul slipped 0.21 percent. Tokyo was closed for a public holiday.
"The (Shanghai) market climbed too fast in such a short time after the November interest rate cut, which has caused some structural problems in the market," Shenyin & Wanguo Securities analyst Gui Haoming told AFP.
The market had jumped more than 20 percent since the cut to interest rates last month -- rising above the 3,000 mark on December 16 for the first time in three and a half years.
Industrial and Commercial Bank of China lost 4.88 percent to 4.48 yuan while China Construction Bank fell 5.01 percent to 6.26 yuan.
The slide in Asia came despite a positive lead Monday from Wall Street, which remained buoyed by a Federal Reserve meeting last week. There were also high hopes of more good news from a heavy day of economic data releases Tuesday.
- Fed delivers boost -
Last Wednesday the Fed kept interest rates low and left in place expectations that it may wait until mid-2015 before raising them.
The Dow Jones Industrial Average and broad-based S&P 500 hit new highs late Monday.
The Dow jumped 0.87 percent to 17,959.44 points, almost a point above the previous record. The S&P 500 advanced 0.38 percent to 2,078.54 points, about three points above the previous high on December 5.
Investors are meanwhile looking to the release on Tuesday of US economic reports, including the third estimate of third-quarter gross domestic product and durable goods orders for November.
In Tuesday deals on the London Bullion Market, gold fell to $1,181.11 per ounce from $1,195.25 on Monday.

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 in subdued christmas trade Arab Today, arab today european stocks advance in subdued christmas trade

 



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 in subdued christmas trade Arab Today, arab today european stocks advance in subdued christmas trade

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
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 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
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 Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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