Arab Today, arab today european stocks drop
Last Updated : GMT 19:53:39
Arab Today, arab today
Arab Today, arab today

European stocks drop

Arab Today, arab today

Arab Today, arab today European stocks drop

London's main index
London - AFP

European stock markets dropped Tuesday following mixed eurozone data, while London's main index failed to gain following an upgrade of British economic growth.
London's benchmark FTSE 100 slid 0.88 percent to stand at 6,830.90 points in midday deals.
Frankfurt's DAX 30 index dropped 0.62 percent to 12,011.02 points and the CAC 40 in Paris retreated 0.29 percent to 5,068.94 points compared with Monday's close.
The euro fell to $1.0744 from $1.0825 late in New York on Monday.
"Mixed news, against the already volatile backdrop of Greek stagnation, provided a cocktail of negativity that was not only felt on the eurozone indices, but on the euro as well," said Connor Campbell, analyst at Spreadex trading group.
Deflation in the eurozone eased in March, official data showed Tuesday, reducing concerns that the economy faces a dangerous spiral after four straight months of falling consumer prices.
Another boost came from Germany, where unemployment fell in March to the lowest level since the country reunited in 1990, as the recovery in Europe's biggest economy continues to pick up speed.
But with a cash-strapped Greece in a bitter row with its European partners and on the cusp of tumbling out of the euro, analysts fear that a new debt crisis in the eurozone could affect the world economy.
In Britain, data showed its economy grew faster than expected in the final quarter of last year.
Gross domestic product expanded by 0.6 percent in the last three months of 2014, up from a previous estimate of 0.5 percent, the Office for National Statistics said in a statement.
The state of Britain's economy is in sharp focus as the country gears up for a general election in early May, while analysts said the outlook appeared less rosy.
"Combined with falls in construction output and industrial production, the economy contracted by around 0.3 percent in January," said Simon Wells, chief UK economist at HSBC.
"Unless there is a sharp bounce back, first-quarter growth could conceivably be around half its 2014 fourth-quarter rate. This is not good news for the government ahead of the 7 May election."
On the corporate front, shares in Kingfisher surged after Europe's biggest home-improvements retailer said it would close 60 stores in Britain and Ireland, a day after pulling out of a takeover for French chain Mr Bricolage.
The market cheered also the promise of dividend payments to shareholders.
Around midday, shares in Kingfisher were up 3.26 percent to 376.70 pence, topping the risers board on London's FTSE 100 index.

 

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 drop Arab Today, arab today european stocks drop

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
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 Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 13:21 2017 Tuesday ,28 March

Samsung plans to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" 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