Arab Today, arab today european stocks extend drop
Last Updated : GMT 16:55:50
Arab Today, arab today
Arab Today, arab today

European stocks extend drop

Arab Today, arab today

Arab Today, arab today European stocks extend drop

Stock brokers work at the stock exchange in Frankfur
Paris - AFP

- European stocks markets fell on Wednesday, extending the previous day's sharp losses caused by weak economic growth forecasts and the spreading Ebola crisis.
London's benchmark FTSE 100 index fell 0.47 percent to stand at 6,465.20 points approaching midday in the British capital.
Frankfurt's DAX index lost 0.73 percent to 9,020.08 points and the CAC 40 index in Paris slid 0.68 percent to 4,180.66.
Spain's IBEX 35 index gave up 0.52 percent after tumbling 2.0 percent on Tuesday when the country's government had confirmed that a 40-year-old nurse contracted the Ebola virus while treating patients in a Madrid hospital.
In Paris shares in conglomerate Bollore, with big transportation and port interests in West Africa, fell 9.99 percent to 371.75 euros owing to concern about the economic impact of Ebola.
"Equity markets remain on the back foot ... after a torrid session in the US when growth fears saw indices tumble rapidly," said Chris Beauchamp, market analyst at IG trading group.
"A warning from the IMF about the global economy provides a handy excuse for a selloff even if the body’s record for economic predictions, especially where the UK is concerned, is not particularly stellar.
"Positive momentum from Friday’s (US) non-farm payrolls failed to hold into the new week, and the gap between job numbers and the start of earnings season has allowed investors to, again, focus on their fear that the world economy is headed for another slump," he added.
Asian stock markets mostly ended lower on Wednesday following a US and European sell-off that came in response to more weak German data and the IMF's decision to cut its growth forecast for the global economy.
Shares across Europe and on Wall Street had fallen on Tuesday after the International Monetary Fund lowered its 2014 global growth estimate -- to 3.3 percent from 3.4 percent tipped in July -- warning of stagnation in advanced economies.
It also forecast 2015 growth of 3.8 percent, against 4.0 percent previously.
The IMF warned that the world economy faced increased risks from the crisis in Ukraine, ongoing Middle East woes and the spread of Ebola. The damaged inflicted by the economic crisis that began in 2008 is "proving tougher to resolve", especially in Europe, it added.
European leaders have meanwhile boosted emergency measures to tackle the Ebola outbreak after the nurse became the first person to contract the disease outside of Africa, raising fears of wider contagion.
The worst-ever outbreak of the disease has killed nearly 3,500 people in west Africa since the start of the year.
The Ebola epidemic could deal a $32.6 billion blow to the West African economy over the next year if officials cannot get it under control, the World Bank warned.
In Zurich, shares in Swisscom surged 3.75 percent to 553 Swiss francs on press rumours that the telecom group might sell its Italian subsidiary Fastweb to British giant Vodaphone.
In Paris, stock in nuclear power group Areva fell by 3.23 percent to 11.25 euros after the company announced it would cut investment and sell more assets to strengthen its finances.
The European single currency fell to $1.2657 from $1.2667 late in New York on Tuesday.
The euro rose to 78.76 British pence from 78.70 pence on Tuesday, while the pound dropped to $1.6069 from $1.6094.
The price of gold climbed to $1,218.20 an ounce on the London Bullion Market, from $1,210.50 on Tuesday.

 

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 extend drop Arab Today, arab today european stocks extend drop

 



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 extend drop Arab Today, arab today european stocks extend drop

 



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 unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
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 US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
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 All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
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 Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

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 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

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