Arab Today, arab today european stocks euro rise on upbeat france bond sale
Last Updated : GMT 22:36:26
Arab Today, arab today
Arab Today, arab today

European stocks, euro rise on upbeat France bond sale

Arab Today, arab today

Arab Today, arab today European stocks, euro rise on upbeat France bond sale

London - AFP

European stock markets rose and the euro climbed against the dollar Thursday following positive government bond sales by France and Spain despite last week\'s downgrades for the eurozone countries. Sentiment was also boosted by positive US economic data overnight and International Monetary Fund plans to boost its coffers for crisis fighting, helping to offset some weak earnings news. In European midday trade, the Paris CAC 40 rose 0.76 percent to 3,289.61 points and Madrid\'s IBEX 35 jumped 1.0 percent to 8,504.40. Frankfurt\'s DAX 30 climbed 0.24 percent to 6,369.63 points and London\'s FTSE 100 grew 0.20 percent to 5,713.94. The euro rallied to $1.2917 from $1.2862 late in New York on Wednesday. \"Strong and healthy demand (for French and Spanish debt) demonstrated how undisturbed the markets were by the recent S&P downgrade that deprived France its triple A rating,\" Gekko Global Markets trader Anita Paluch told AFP. \"It seems there is little concern when it comes to the perception of risk as the cost of borrowing for both nations have fallen. It proves the liquidity is abound and that Spain\'s efforts of easing the pressure on its finances is bearing its fruits and was well received in the markets too.\" France on Thursday raised 1.5 billion euros in a medium- and long-term bond auction at lower rates than previous sales despite a credit rating downgrade last week, officials said. The sale of four, 10 and 28 year bonds came after France earlier Thursday raised 7.965 billion euros in a short- and medium-term bonds, also at lower rates, in its first auctions since Standard & Poor\'s stripped the country of the top AAA rating. France\'s rating downgrade that came last Friday could theoretically expose it to higher interest rates on its long-term bonds, although markets had already largely factored in their woes in previous auctions and banks. Spain\'s borrowing costs also tumbled Thursday in an issue of benchmark 10-year bonds, a key part of a debt auction that raised far more money than first planned. Spain, whose credit rating dropped two notches from AA- to A last week, sold a total 6.609 billion euros in the auction of four-, seven- and 10-year bonds -- well above the target of 3.5-4.5 billion euros. \"The biggest news of the morning is that the French and Spanish bond auctions attracted strong demand and yields fell, which is exactly what the EU wants to see,\" said Kathleen Brooks, an analyst at traders Forex.com. The successful bond sales came a day after the IMF said it planned to add $500 billion to its war chest, a move understood to be aimed at stalling fallout from the eurozone crisis and preventing a global recession. \"The IMF news was certainly taken positively by the market because it\'s a step in the right direction, but it\'s going to be a long road,\" said Justin Gallagher, RBS head of sales trading and execution in Sydney. Meanwhile on Thursday, it emerged that the IMF had given approval for talks on new rescue loans to Greece. \"After a waiting period of several weeks, the green light has been given for the country to submit to the IMF a request to begin procedures for the new programme,\" Greek Finance Minister Evangelos Venizelos told parliament. Elsewhere on Thursday, investors digested a raft of trading updates, including from Europe\'s biggest retailer Carrefour. Shares in the French supermarket giant slid 2.23 percent to 17.07 euros in midday Paris trade after Carrefour posted flat fourth quarter sales and said its 2011 operating profit could be up to a fifth lower than in 2010.  

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 rise on upbeat france bond sale Arab Today, arab today european stocks euro rise on upbeat france bond sale

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed

GMT 09:00 2017 Thursday ,16 February

Bahrain Bourse daily trading report

GMT 05:07 2017 Thursday ,16 February

Saudi stocks rise 0.6%

GMT 04:45 2017 Thursday ,16 February

Gold prices edge lower
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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