Arab Today, arab today european stocks euro retreat amid greece uncertainty
Last Updated : GMT 10:48:56
Arab Today, arab today
Arab Today, arab today

European stocks, euro retreat amid Greece uncertainty

Arab Today, arab today

Arab Today, arab today European stocks, euro retreat amid Greece uncertainty

London - AFP

European stocks and the euro declined on Friday as investors banked recent profits ahead of the weekend and amid uncertainty surrounding Greece\'s bid to strike deals over its debt mountain. In European midday trade, the Paris CAC 40 fell 0.50 percent to 3,312.23 points, Frankfurt\'s DAX 30 slid 0.46 percent to 6,387.09 points and London\'s FTSE 100 dipped 0.05 percent to 5,737.46. The euro dropped to $1.2908 from $1.2961 late in New York on Thursday. \"Yesterday\'s positive outcomes from the bond auctions of France and Spain have given the beleaguered euro a welcome respite from its recent woes, but significant headwinds still remain, not least ... Greece,\" said Michael Hewson, market analyst at trading group CMC Markets. \"Even if a deal is reached it won\'t even begin to solve Greece\'s problems, of a shrinking economy and a growing debt burden.\" Greece on Friday raced to clinch debt-saving deals in parallel negotiations with private creditors and its EU-IMF bailout partners ahead of a looming default in March. Prime Minister Lucas Papademos was scheduled to meet again with global bank group representatives after late-night talks on Thursday as his finance minister held talks with senior EU-IMF auditors on a new eurozone rescue loan. Greece is seeking to slash around 100 billion euros ($129 billion) from its huge debt through a voluntary bond swap with creditors, a process that would unlock a new eurozone rescue package worth 130 billion euros overall. Across the Atlantic, hopes that the US economic recovery is gaining traction were boosted by data showing weekly new claims for unemployment benefits fell to their lowest level since April 2008. Also boosting sentiment was news that the US consumer price index was unchanged for the second straight month in December. On the corporate front, investment bank Morgan Stanley reported a $4.2 billion profit for 2011, while Bank of America posted a $1.4 billion profit, wiping away a brutal loss the year before amid a savage streamlining. European stocks and the euro had risen solidly on Thursday following the upbeat economic news on both sides of the Atlantic. Positive eurozone debt auctions, better US data, a strong January for stock markets and hopes that Greece will avoid a messy default in March are all contributing to the current \'risk on\' sentiment in markets,\" said Jane Foley, senior currency strategist at Rabobank. In London on Friday, shares in British mobile phone giant Vodafone gained 1.52 percent to 177.15 pence after India\'s top court rejected a $2.5 billion tax bill slapped on the company over its purchase of a local operator. Vodafone\'s clear-cut victory in the bitter legal dispute was seen as a boost to cross-border mergers and acquisitions in India.  

arabstoday
arabstoday

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*

Arab Today, arab today european stocks euro retreat amid greece uncertainty Arab Today, arab today european stocks euro retreat amid greece uncertainty

 



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*

Arab Today, arab today european stocks euro retreat amid greece uncertainty Arab Today, arab today european stocks euro retreat amid greece uncertainty

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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