Arab Today, arab today european stocks close lower extend losses
Last Updated : GMT 12:29:16
Arab Today, arab today
Arab Today, arab today

European stocks close lower, extend losses

Arab Today, arab today

Arab Today, arab today European stocks close lower, extend losses

London - AFP

European stock markets closed lower Thursday, extending losses after a brief respite on US economic data, with investors nervous over the outlook ahead of another EU finance ministers meeting. Dealers said that after recent strong gains, the markets appear to have stalled and investors are taking profits while they can, with no fresh news lead around to give direction. \"After such a strong quarter, this rally is ending with a whimper rather than a bang, perhaps understandably given the run-up in global markets,\" IG Index analyst Chris Beauchamp said. They said a fall in US new jobless benefit claims to their lowest point in four years confirmed the improving trend while fourth quarter US growth was left at 3.0 percent, after 1.8 percent in the third. That was not enough, however, to dispel the negative mood and Wall Street weakened steadily, pushing Europe down further. Eurozone and EU finance ministers meet Friday and Saturday in Copenhagen to thrash out differences over the size of the bloc\'s permanent debt rescue fund, with Germany holding out for much less than the 1.0 trillion euros others think necessary. A general strike in Spain against government austerity measures and labour reforms highlighted continued strains within the debt-burdened eurozone and reminded the markets of the underlying problems. In London, the benchmark FTSE 100 index of top companies closed down 1.15 percent at 5,742.03 points. In Frankfurt, the DAX 30 slumped 1.77 percent to 6,875.15 points and in Paris the CAC 40 lost 1.43 percent to 3,381.12 points. Madrid lost 0.87 percent against the backdrop of a 24-hour general strike in protest at a new law facilitating lay-offs at a time of soaring unemployment, recession and state austerity cuts. Milan slumped 3.30 percent, led down by the banks after having outperformed its peers in recent weeks. In New York, the blue-chip Dow Jones Industrial Average was down 0.60 percent at around 1545 GMT, with the Nasdaq Composite off 0.93 percent. \"A bearish blanket of fog hangs over Wall Street,\" said Karee Venema of Schaeffer\'s Investment Research. In addition to finding no inspiration in the US data, she said \"traders have also turned a wary eye back overseas, where concerns over Spain\'s unpopular austerity measures, as well as China\'s faltering growth, have resurfaced.\" In foreign exchange deals, the European single currency slipped to $1.3259 from $1.3316 in New York late on Wednesday. Eurozone governments are debating whether to combine the lending capacity of the temporary European Financial Stability Facility, used to rescue Portugal, Ireland and Greece, with the permanent European Stability Mechanism. To do so would at least temporarily raise the size of the debt rescue mechanism to 940 billion euros before lowering it, two European sources close to the discussions said late Wednesday. The proposal will be presented to finance ministers meeting on Friday and Saturday in Copenhagen amid growing concerns about Spain\'s finances, alongside its neighbour, bailed-out Portugal. Asian markets slipped on Thursday after Wall Street fell Wednesday on the back of a subdued US consumer confidence survey. Tokyo shed 0.67 percent, Hong Kong dropped 1.32 percent and Shanghai lost 1.43 percent.

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 close lower extend losses Arab Today, arab today european stocks close lower extend losses

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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