Arab Today, arab today european stocks diverge as fed hints at december rate hike
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

European stocks diverge as Fed hints at December rate hike

Arab Today, arab today

Arab Today, arab today European stocks diverge as Fed hints at December rate hike

Europe's major stock markets
London - AFP

Europe's major stock markets wobbled in opening deals on Thursday after the US Federal Reserve hinted at a possible interest rate hike in December.

In initial trade, London's benchmark FTSE 100 index of major blue-chip companies shed 0.43 percent to 6,410.11 points.

In the eurozone, however, Frankfurt's DAX 30 won 0.33 percent to 10,867.44 points, and the Paris CAC 40 edged up 0.05 percent to 4,892.88 compared with Thursday's close.

"The Fed has just created more uncertainty in the markets," said Oanda analyst Craig Erlam.

"The statement was undoubtedly more hawkish than before and put December well and truly back on the table and investors didn’t really know how to take this."

While the Fed provided an upbeat assessment of the US economy after its latest policy meeting, the news took the wind out of an advance across global markets in October, which had been supported by expectations that an interest rate rise would be delayed.

The US central bank kept interest rates at record lows but expressed faith in the outlook for the world's top economy, brushing over recent weak spots -- such as under-par jobs growth -- and focusing on what it called "solid" consumer spending and business investment.

Policymakers dropped a warning from September that the muted global economy could affect the US, even as worries mount about slowing growth in China and falling commodity prices.

Data since last month "suggests that economic activity has been expanding at a moderate pace", the statement said.

It then explicitly pointed to the possibility of a rate hike in its next meeting in December, dampening market predictions it could be held off until March.

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 diverge as fed hints at december rate hike Arab Today, arab today european stocks diverge as fed hints at december rate hike

 



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 diverge as fed hints at december rate hike Arab Today, arab today european stocks diverge as fed hints at december rate hike

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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