Arab Today, arab today european stocks and euro fall further in trading
Last Updated : GMT 05:20:00
Arab Today, arab today
Arab Today, arab today

European stocks and euro fall further in trading

Arab Today, arab today

Arab Today, arab today European stocks and euro fall further in trading

London - AFP

European stock markets and the euro fell further on Wednesday as investors sought cover from strains in the eurozone over political upheaval in Greece and France. Spanish stocks fell by more than 3.0 percent, on concerns about problems in the banking sector. On the eurozone bond market, borrowing rates for Spain and Italy rose sharply. The yield on the benchmark German Bund hit a record low level. London\'s benchmark FTSE 100 index fell 0.39 percent to 5,533.45 points as investors also reacted to a raft of mixed earnings news from companies based in non-eurozone member Britain. Frankfurt\'s DAX 30 dipped 0.12 percent to 6,451.71 points and in Paris the CAC 40 lost 0.49 percent to 3,109.63 amid the threat of a German-Franco spat over an EU fiscal pact. Madrid\'s IBEX 35 slumped as Spain said its government would announce new rules on FRiday obliging banks to boost provisions against risky property-related assets. In foreign exchange deals, the euro dropped to $1.2972 from $1.3005 in New York late on Tuesday. \"In Greece the game of high stakes poker between the various politicians striving to form a government and the EU continues to play out in the full glare of the markets gaze,\" said Michael Hewson, senior analyst at trading group CMC Markets. In Athens, political parties negotiated over the chances of renegotiating a hard-earned rescue package after an election in which voters rejected austerity measures, raising fresh doubts over Greece\'s eurozone membership. The head of the radical left-wing Syriza party charged with forming a government plans to write to the highly indebted nation\'s international lenders telling them that the country would renege on its austerity commitments. \"Risk assets continue to get sold today and the back-drop remains fragile,\" said Forex.com analyst Kathleen Brooks. In France, pressure was building up on president-elect Francois Hollande to stand by the country\'s programme to cut the public deficit, with comments to this effect from German Chancellor Angela Merkel and a senior figure at the European central Bank. Hollande has promised to reopen talks to ensure the EU fiscal pact focused on growth rather than simply imposing deficit-cutting austerity rules. \"Given Francois Hollande\'s socialist background he would appear to have little in common with Angela Merkel, but they will have to find some compromise to ensure that the new French president is able to claim some form of progress after being elected on an anti-austerity platform,\" added analyst Hewson. European stock markets had tumbled on Tuesday on increased uncertainty following weekend elections in France and Greece. Investors spent the day mulling the prospects of a spike in eurozone tension as Greek political parties struggled to establish a workable ruling coalition and the European Union scheduled a special summit for May 23.

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 and euro fall further in trading Arab Today, arab today european stocks and euro fall further in trading

 



Arab Today, arab today

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 and euro fall further in trading Arab Today, arab today european stocks and euro fall further in trading

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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