european stocks euro dips before eu summit
Last Updated : GMT 12:59:49
Arab Today, arab today
Arab Today, arab today

European stocks, euro dips before EU summit

Arab Today, arab today

Arab Today, arab today European stocks, euro dips before EU summit

London - AFP

European stocks rose and the euro dipped against the dollar in early trading on Thursday as investors awaited a crucial EU summit on how to prevent a collapse of the eurozone. Traders were also looking ahead to interest rate decisions from the European Central Bank and Bank of England due on Thursday and coinciding with the start of the two-day EU summit in Brussels. \"The markets are undecided as to how to follow the summit and change direction daily simply because there isn\'t the confidence to hold a position longer than a few hours with such big decisions being made by government heads and ratings agencies at unpredictable intervals,\" said Jonathan Bristow, a broker at Valbury Capital. London\'s FTSE 100 index rose 0.42 percent to 5,569.97 points, Frankfurt\'s DAX 30 climbed 0.94 percent to 6,050.85 points and in Paris the CAC 40 won 0.76 percent to 3,200.15 points. Milan advanced 0.60 percent and Madrid 0.68 percent. \"Despite the low volumes, equities are trading firmly in positive territory ahead of key interest rate decisions,\" said Manoj Ladwa, senior trader at ETX Capital. \"While the Bank of England is likely to maintain the status quo and keep interest rates and its asset purchase target unchanged, the game changer could come from the European Central Bank. \"Traders are factoring in at least a 25-basis-point cut by the ECB and will be watching closely for any other measures to free up the lending market,\" he added. Ahead of the ECB decision, the euro dipped to $1.3402 from $1.3413 late in New York on Wednesday. European Union leaders meanwhile scramble Thursday to find a last-minute deal to save the euro at a crucial summit for a debt-laden currency union threatened with break-up. \"The situation is serious... the euro can explode and Europe unravel\", France\'s minister for European affairs Jean Leonetti told France\'s Canal Plus television ahead of the summit. With the entire 27-state EU placed under downgrade watch by international credit rating giant Standard & Poor\'s, the EU leaders are trying to navigate obstacles to treaty changes required to enforce adherence to national budgetary discipline targets. The biggest obstacles according to high-ranking officials and diplomats are Germany\'s refusal to embark on anything short of treaty change agreed under the full glare of lengthy, costly and risky public consultation, but that its government considers legally-secure. That and a British refusal to back changes Berlin wants all EU states to agree to, unless it secures important quid pro quos such as ring-fencing the all-important City of London financial services sector from future EU regulation including a proposed tax. The situation is veering from serious towards desperate, 24 hours from a self-imposed EU deadline to save the bloc from imploding -- so much so that US President Barack Obama held urgent telephone talks late on Wednesday with German Chancellor Angela Merkel.  

arabstoday
arabstoday

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

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
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 euro dips before eu summit european stocks euro dips before eu summit

 



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 euro dips before eu summit european stocks euro dips before eu summit

 



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 Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Online exhibit shows hidden depths of

GMT 11:45 2017 Thursday ,23 November

Online exhibit shows hidden depths of
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 Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
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 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
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 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 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

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 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

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