european stocks end week up as ukraine tension mounts
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

European stocks end week up as Ukraine tension mounts

Arab Today, arab today

Arab Today, arab today European stocks end week up as Ukraine tension mounts

London Stock Exchange
London - AFP

European stocks ended the week higher on Friday, shrugging off the impact of simmering Ukraine tensions and a profits warning from supermarket giant Tesco.
Frankfurt's main DAX index ended up 0.08 percent to 9,470.17 points.
London's benchmark FTSE 100 gained 0.20 percent, ending on 6,819.75 points, while in Paris the CAC 40 rose 0.34 percent to 4,381.04 points by the close of trading.
European markets had dipped during the day after an upbeat start as uncertainty surrounding the Ukrainian conflict weighed on investors' minds.
The euro firmed, although new official eurozone data showed a further fall of inflation to 0.3 percent in August. Analysts said this increased the chances that the European Central Bank would ease its monetary policy further.
Wall Street opened on a solid note.
Europe's main stock markets had fallen on Thursday as claims of Russian troops actively fighting in east Ukraine raised concerns over a possible military confrontation between Kiev and its former Soviet master.
- Stocks uncertain -
The Ukraine crisis took a new twist on Friday after Russia warned of a "high risk" of disruptions to supplies of Russian gas to Europe as international tensions mounted.
"Although markets are trading a touch weaker over the last couple of sessions, they are not reacting as though this was a full on territorial invasion," said Capital Spreads dealer Jonathan Sudaria.
"However, Russia has persistently and consistently escalated the conflict but with no clear end objective."
In London, Britain's supermarket giant Tesco had its share price plunge by as much as eight percent after warning on profits and slashing its dividend. The group blamed challenging trade and high investment costs.
Trading profit was forecast at between £2.4 billion and £2.5 billion ($4.0 billion and $4.2 billion, 3.0 billion euros and 3.15 billion euros) in the 2014/2015 financial year, Tesco said. That was well below market expectations.
Tesco also slashed its interim shareholder dividend by a hefty 75 percent to 1.16 pence per share.
Britain's biggest retailer added that new chief executive Dave Lewis will start on Monday -- one month earlier than planned -- in order to carry out a review of every aspect of the business.
"Tesco has shocked the markets by announcing another profits warning, slashing its dividend by 75 percent and rushing in the new CEO Dave Lewis a month before he was originally due to start," said IG analyst Alistair McCaig.
"All this smacks of desperation... Unsurprisingly, UK food retailers dominate the list of stocks falling in the FTSE with Sainsbury, Morrisons and Marks & Spencers all tumbling," he added.
Tesco shares ended the day down 6.64 percent at 229.95 pence.
Sainsbury stock was down 4.35 percent at 290.30 pence, Morrison fell 5.03 percent to 177.50 pence and M&S slid 1.87 percent to 429.90 pence.
In foreign exchange activity, the European single currency firmed to $1.3155 from $1.3181 late in New York on Thursday.
The euro strengthened to 79.31 pence from 79.47 pence late in New York on Thursday, while the pound rose to $1.6586 from $1.6585.
The price of gold declined to $1,285.75 an ounce, from $1,292 on Thursday on the London Bullion Market.
- Wall Street opens up -
Markets in New York began the day higher.
By early afternoon on Wall Street, the Dow Jones Industrial Average was up 0.04 percent to 17,086.58.
The broad-market S&P 500 added 0.24 percent at 2,001.61, while the tech-rich Nasdaq Composite gained 0.36 percent to 4,573.89.
Analysts attributed the solid start to better-than-expected growth figures -- with the Commerce Department raising its estimate to 4.2 percent economic growth -- and remarks by President Barack Obama in a speech Thursday night in which he declined to call Russia's moves in Ukraine an invasion.
"While many would argue that is mere semantics the fact is markets appear more buoyant today," said Michael Hewson, chief market analyst at CMC Markets UK.

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 week up as ukraine tension mounts european stocks end week up as ukraine tension mounts

 



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 week up as ukraine tension mounts european stocks end week up as ukraine tension mounts

 



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