european stocks dip as eurozone optimism fades
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

European stocks dip as eurozone optimism fades

Arab Today, arab today

Arab Today, arab today European stocks dip as eurozone optimism fades

London - AFP

European stock markets fell Wednesday on profit taking as optimism faded over whether European leaders can resolve the eurozone debt crisis amid differences over strengthening the bloc\'s bailout fund. In early morning deals, London\'s FTSE 100 index of leading shares sank 0.78 percent to 5,252.14 points, Frankfurt\'s DAX 30 shed 1.20 percent to 5,560.49 points and in Paris the CAC 40 lost 1.15 percent to 2,988.71. Other markets posted similar losses, with Madrid and Milan down 0.99 percent and one percent respectively. The European single currency edged higher against the dollar but caution overshadowed optimism that leaders were inching towards a plan to contain Europe\'s crisis and avert another vicious global recession. The euro advanced to $1.3622 from $1.3590 late in New York on Tuesday. European shares had soared Tuesday on fresh hopes that European leaders will get to grips with the crisis, with London leaping 4.2 percent, Frankfurt 5.3 percent and Paris 5.74 percent. \"Yesterday\'s recovery in risk seemed to show that markets are starting to become more optimistic about the ability of European leaders to get ahead of the crisis,\" said CMC Markets analyst Michael Hewson. \"Given previous experience, this could prove to be a mistake given that there is precious little detail or consensus ... on what the next steps should be.\" The Financial Times meanwhile reported that Greece\'s second bailout had run into trouble, with some eurozone members pushing for private creditors to take a bigger writedown on their Greek bond holdings. \"Reports in the financial press today suggest the EU is split on how to solve the sovereign debt crisis, which may dampen investor sentiment,\" noted Rabobank analyst Jane Foley. Asian markets mostly rose on Wednesday, after a second day of rallies on Wall Street and in Europe. But the gains, the second in a row, were tentative due to the lack of concrete evidence of a eurozone plan. Greece was meanwhile hoping for a last-minute EU-IMF rescue amid fresh protests against austerity measures after pledging a \"superhuman\" effort to stabilise its debt-stricken economy. A mission from the EU, the IMF and the European Central Bank was expected in Athens by Thursday to resume an audit vital to the release of debt aid funds. A key contributor to the rescue, Germany, is scheduled to vote Thursday on expanding the scope and size of the EU\'s rescue fund -- the European Financial Stability Facility (EFSF). German Chancellor Angela Merkel met Greek Prime Minister George Papandreou on Tuesday, pledging every assistance as Athens implements tough austerity reforms. \"All eyes remain on Germany and Greece to see if they will get their next tranche of bailout funds,\" said Capital Spreads analyst Simon Denham. \"The German chancellor faces a crucial vote of confidence tomorrow as her parliament votes on the extension of the EU bailout funds. The vote is expected to be passed. \"However, the more important aspect is to what extent members of her own coalition rebel.\" Greece will remain in the eurozone but must meet its reform commitments in full, the head of the European Commission, Jose Manuel Barroso, said Wednesday. \"Greece is, and will remain, a member of the euro area,\" he said in an annual address to the European parliament, countering persistent talk of Athens leaving the 17-nation eurozone. Barroso also called for the creation of joint eurozone bonds and said he would propose options in the coming weeks despite German objections. Deputies in Athens approved a controversial property tax Tuesday in a bid to plug its budget hole and help unlock the latest tranche of bailout funds needed to prevent a default that could come as early as next month. World markets have been volatile in recent weeks on fears the European debt crisis will spiral out of control and push the global economy into recession as European leaders dither on how to best tackle the situation.  

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
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*

european stocks dip as eurozone optimism fades european stocks dip as eurozone optimism fades

 



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*

european stocks dip as eurozone optimism fades european stocks dip as eurozone optimism fades

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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