european stocks end mostly lower
Last Updated : GMT 04:22:55
Arab Today, arab today
Arab Today, arab today

European stocks end mostly lower

Arab Today, arab today

Arab Today, arab today European stocks end mostly lower

Washington - Arabstoday

European stock markets turned in mixed results yesterday as investors booked profits following three days of gains, though the scandal-hit bank Standard Chartered rebounded from heavy losses. Market sentiment was fairly subdued however as traders looked ahead to the release of Chinese data today, including inflation and industrial production. The mood was also somewhat gloomy after Standard & Poor’s cut Greece’s sovereign debt rating outlook to negative. London’s benchmark FTSE 100 index of top companies managed to add a slight 0.08% to 5,845.92 points despite the Bank of England lowering its forecast for growth this year to near to zero. Frankfurt’s Dax 30 slipped by slighter 0.03% to 6,966.15 points amid disappointing data, while in Paris the CAC 40 gave up 0.43% to 3,438.26 amid a forecast from the central bank the country would likely enter a recession. Madrid shed 0.84%, as Milan gained 0.07%. The string of steady increases on European markets eased back “as investors consolidated gains following three consecutive sessions of strong rallies,” ETX Capital analyst Ishaq Siddiqi noted. In foreign exchange trade, the European single currency dipped to $1.2373 from $1.2401 late in New York on Tuesday. “Traders seem largely content to sit on their hands right now, at least until we see that array of data ... from China,” said GFT Markets analyst Fawad Razaqzada. Siddiqi added that “the summer season is in full swing with the focus shifting to the US session to provide some direction.” In New York, US stock markets fell as trading got underway but turned slightly positive in midday trading. The Dow Jones Industrial Average added 0.20% to 13,194.33 points. The tech-rich Nasdaq rose by 0.06% at 3,017.54, while the S&P 500-stock index gained 0.12% to 1,403.09. Back in London, “the reality is that the problems in Europe haven’t gone away - ING (bank) has taken a big hit on Spanish exposure in today’s results - so unless we see more really decent fundamentals coming out of the US and Asia, then it’s going to be hugely difficult to justify much more on the upside,” Razaqzada said. Dutch banking giant ING said its second quarter net profit slumped 22.3% year-on-year to €1.17bn, as it took a large hit on its exposure to debt-plagued Spain. ING booked a loss of €178mn euros on the sale of risk assets, mainly its holdings of Spanish government bonds. In reaction, ING’s share price slid 1.27% to €5.68 on the Amsterdam stock market, which was 0.68% lower. Overnight, Standard & Poor’s had cut Greece’s debt rating outlook to negative, saying the worsening economy and political challenges could soon force another downgrade. “In Europe, the debt crisis appears to be rumbling along with still no end in sight,” said Michael Hewson, analyst at CMC Markets trading group. Standard Chartered shares meanwhile rebounded yesterday, recouping some of the previous day’s losses after New York state regulators accused it of hiding $250bn in transactions with Iranian banks. The British lender — which focuses on Asia, the Middle East and Africa — has denied the allegations. Standard Chartered’s share price rallied 7.08% to 1,315.5 pence, having slumped by almost 17% on Tuesday. Rio Tinto shares rose 2.86% to 3,220 pence after the miner revealed that underlying earnings slipped 34% to US$5.2bn in the first half of the year, a result that beat market expectations. from gulf times.

arabstoday
arabstoday

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

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
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 end mostly lower european stocks end mostly lower

 



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 end mostly lower european stocks end mostly lower

 



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 Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
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 Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
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 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” 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 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

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