european stocks euro rally on china data
Last Updated : GMT 03:51:06
Arab Today, arab today
Arab Today, arab today

European stocks, euro rally on China data

Arab Today, arab today

Arab Today, arab today European stocks, euro rally on China data

London - AFP

European stocks rallied and the euro advanced against the dollar on Wednesday as upbeat Chinese data helped to offset Greece debt worries, traders said. All eyes were on Facebook as it prepared to file papers for an initial public offering seeking to raise at least $5.0 billion just eight years after the launch of the social networking giant. Elsewhere on Wednesday, the EU Commission vetoed a transatlantic tie-up of the Frankfurt and New York stock exchanges. Approaching midday in London, the benchmark FTSE 100 index was up 1.44 percent at 5,763.30 points. Frankfurt\'s DAX 30 jumped 1.99 percent to 6,587.82 points and in Paris the CAC 40 climbed 1.63 percent to 3,352.22. The euro gained to stand at $1.3141 compared with $1.3080 late in New York on Tuesday. \"Positivity abounds ... and shares are pushing higher on the back of better-than-expected Chinese data pointing to steady underlying manufacturing conditions in the world\'s second largest economy,\" said Anita Paluch, a trader at Gekko Global Markets. China\'s manufacturing activity improved in January despite weaker demand for exports, official figures showed Wednesday, raising hopes that the Asian nation\'s economy was heading for a soft landing. The official purchasing managers index (PMI) rose to 50.5 in January, up slightly from 50.3 in December, the China Federation of Logistics and Purchasing said in a statement. A reading above 50 indicates the sector is expanding while a reading below 50 suggests a contraction. The improvement came despite mounting evidence that China\'s overall economy is slowing as Europe\'s sovereign debt crisis and weakness in the United States hits exports, a key engine for growth. Asian shares closed mixed amid the Chinese data, weaker-than-expected US economic data, slumping Japanese corporate earnings and ongoing uncertainty over Europe\'s debt crisis. Tokyo ended flat, Seoul rose 0.18 percent and Sydney slipped 0.87 percent. Wall Street also closed mixed overnight after the Conference Board\'s consumer confidence index fell to 61.1 in January from 64.8 a month earlier, showing a downturn in Americans\' hopes for an economic rebound. According to US media, the prospectus for Facebook\'s initial public offering could be filed with the US Securities and Exchange Commission as early as Wednesday. The Wall Street Journal broke the news of Facebook\'s impending IPO last week, saying the Palo Alto, California-based company planned to raise $10 billion at a valuation of between $75 billion and $100 billion. The $10 billion target had been halved to a more conservative $5.0 billion in reports emerging late Tuesday in The New York Times and International Financing Review. \"Facebook is expected to file its IPO documents today, which could provide a fillip to tech stocks,\" said Chris Beauchamp, an analyst at traders IG Index. \"US markets are expected to open substantially higher,\" he added in a note to clients.

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 rally on china data european stocks euro rally on china data

 



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 rally on china data european stocks euro rally on china data

 



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 The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
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 Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
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 Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
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 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 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

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