european stocks euro higher
Last Updated : GMT 07:56:43
Arab Today, arab today
Arab Today, arab today

European stocks, euro higher

Arab Today, arab today

Arab Today, arab today European stocks, euro higher

London - AFP

European stock markets and the euro rose on Tuesday on prospects that central banks would announce action to boost economies, while Barclays shares jumped after the shock resignation of its chief executive. London\'s benchmark FTSE 100 index climbed 0.35 percent to 5,661.37 points approaching midday in the British capital. Frankfurt\'s DAX 30 gained 0.80 percent to 6,547.90 points and in Paris the CAC 40 won 0.26 percent to 3,248.62. Madrid\'s IBEX 35 grew 0.31 percent. In foreign exchange deals, the euro advanced to $1.2592 from $1.2582 late on Monday in New York. \"European equity markets are trading moderately higher... managing to hold on to yesterday\'s solid gains,\" said ETX Capital trader Markus Huber. \"It will be interesting to see if stocks can keep the current rally going as much seems to be built on expectations that the ECB will lower rates on Thursday due to a flood of rather dismal economic data since the last meeting. \"However judging from the past, a cut in interest rates is anything else than a done deal with the ECB having resisted pressure to do so several times before.\" The European Central Bank will announce any new measures at the end of its latest monthly meeting on Thursday, when the Bank of England is widely expected unveil its own fresh stimulus measures to boost recession-hit Britain. Official data on Monday showed unemployment across the 17-nation eurozone at a euro-era high level of 11.1 percent while manufacturing purchasing managers indices continued to show activity contracting, though some PMIs exceeded expectations. World stock markets and the euro leapt last week after European leaders agreed to use emergency funds to support ailing banks directly and to ease pressure on governments\' debt burdens through bond purchases, if necessary. They also agreed to contribute $150 billion to boost growth. On Tuesday meanwhile, all eyes were on British bank Barclays, whose share price rose 3.0 percent to 173.50 pence after chief executive Bob Diamond resigned, caving in to political pressure over a rate rigging scandal which may trigger criminal charges. \"Barclay\'s shares were initially sold off on the news that the scandal had taken another of the bank\'s largest scalps with questions on exactly how far and where this would extend,\" said Andrew Taylor, market strategist at GFT trading group. Diamond, high profile and highly paid, had faced growing calls to go but it was thought he might save his job and ride out the storm thanks to the resignation of Barclays\' chairman Marcus Agius on Monday. Agius is now expected to step down only after leading the search for a new chief executive to replace Diamond. The scandal, which might implicate other international banks, concerns manipulation of the Libor and Euribor interest rates. These benchmark rates play a key role in global markets, affecting what banks, businesses and individuals pay to borrow money. Libor is a flagship London instrument used throughout the world. Euribor is the eurozone equivalent.

arabstoday
arabstoday

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

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
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 higher european stocks euro higher

 



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 higher european stocks euro higher

 



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 Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
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 UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
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 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 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

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