Arab Today, arab today european stocks climb on upbeat fed outlook
Last Updated : GMT 00:00:12
Arab Today, arab today
Arab Today, arab today

European stocks climb on upbeat Fed outlook

Arab Today, arab today

Arab Today, arab today European stocks climb on upbeat Fed outlook

London - Arabstoday

Europe's main stock markets advanced on Wednesday, lifted by strong gains elsewhere, with sentiment boosted after the US Federal Reserve gave a bullish economic outlook, analysts said. London's benchmark FTSE 100 index of leading shares climbed 0.36 percent to 5,977.64 points and in Paris the CAC 40 gained 0.76 percent to 3,577.19 points approaching the half-way mark. Frankfurt's DAX 30 rallied 1.18 percent to 7,078.36 points, as investors also digested results from pharmaceuticals and chemicals giant Bayer and power supplier E.ON. In foreign exchange trade, the European single currency dipped to $1.3066 from $1.3075 late in New York on Tuesday. The US central bank held interest rates at record lows on Tuesday and upgraded its view of the world's number one economy, saying the jobs market and consumer and business spending had improved since January. The assessment sent Wall Street's Dow index soaring to the highest level for more than four years, as investors also reacted to news that top US banks had passed crucial stress tests. While acknowledging it was still facing problems the Fed said: "Labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated." "Strains in global financial markets have eased, though they continue to pose significant downside risks to the economic outlook." Markets were also bolstered by news that US retail sales rose 0.4 percent in January from December. That was the biggest gain since October. The Dow Jones Industrial Average jumped 1.68 percent to 13,177.68 points -- its best finish since December 31, 2007. "US retail sales and a an upbeat outlook from the Fed on Tuesday has fuelled the hunger of buyers" of shares, said broker Owen Ireland at Valbury Capital. In German company news, E.ON saw its shares surge 6.24 percent to 18.14 euros after stressing that the group was "past the worst" after the difficult business environment pushed it deeply into the red last year. Germany's biggest power supplier said in a statement it booked a net loss of 2.219 billion euros ($2.9 billion) in 2011, compared with profit of 5.853 billion euros a year earlier. Bayer's share price meanwhile dipped 0.68 percent to 55.26 euros, despite forecasting strong growth in its key pharmeuticals and agrochemicals divisions in the next few years. Elsewhere, most of Asia also experienced a Fed-inspired bounce. Tokyo jumped 1.53 percent to close above 10,000 points for the first time since July -- while Sydney gained 0.93 percent and Seoul rose 0.99 percent. However, Hong Kong and Shanghai gave up their early gains to end in negative territory after Chinese Premier Wen Jiabao warned of a risk of a property bubble, denting hopes of an easing of tight real estate rules.

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 climb on upbeat fed outlook Arab Today, arab today european stocks climb on upbeat fed outlook

 



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 climb on upbeat fed outlook Arab Today, arab today european stocks climb on upbeat fed outlook

 



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 Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
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 Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
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 China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
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 Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

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