Arab Today, arab today european stocks extend slide
Last Updated : GMT 08:07:11
Arab Today, arab today
Arab Today, arab today

European stocks extend slide

Arab Today, arab today

Arab Today, arab today European stocks extend slide

Energy companies were meanwhile weighed
New York - AFP

European stock markets dropped Tuesday, extending the previous day's slump, on the prospect of fresh stimulus to prop up the weak eurozone that risks losing Greece as a member.
Energy companies were meanwhile weighed down by sliding oil prices, pushing the London market down sharper than its counterparts owing to the presence of heavyweights Shell and BP.
The euro traded around nine-year low points as investors wait to see what form of action the European Central Bank will take to stimulate the eurozone economy that is being undermined by sliding inflation.
In late morning trade, London's benchmark FTSE 100 index shed 1.26 percent to 6,336.60 points.
Frankfurt's DAX 30 fell 0.13 percent to 9,460.65 points and the CAC 40 in Paris lost 0.45 percent to 4,092.86.
European stocks had tumbled Monday on renewed fears of a Greek exit from the eurozone and as the euro struck near nine-year lows against the dollar with the European Central Bank appearing on course to further prop up the single currency.
"It feels like we have moved full circle on the eurozone crisis as markets are yet again dominated by a potential exit from the euro area by Greece," said James Hughes, chief market analyst at Alpari trading group.
"After years of political fighting and billions of euros in bailout money it could be that we are closer to a Greek exit than we have ever been."
The first full week of the new year got off to a traumatic start for dealers as they bet that a January 25 general election in Greece would see a victory for the left-wing Syriza party.
Markets fear the party will roll back austerity measures required under the IMF-EU bailout of the country, which could in turn lead to Greece leaving the eurozone.
In foreign exchange, the euro  dropped to $1.1907 from $1.1933 late in New York on Monday. The single currency had begun the week by tumbling to $1.1864 -- the lowest level since March 2006.
Remarks by ECB chief Mario Draghi said that deflation was a threat to the eurozone and that the ECB must be prepared to counter it caused the euro to continue its slide.
The ECB has already used several tools to push inflation in the 19 countries sharing the euro back up to the 2.0 percent annual rate it regards as healthy, including asset purchases and making cheap loans available to banks.
It is also currently examining the possibility of large-scale purchases of sovereign debt, so-called "quantitative easing" or "QE", to help jump-start the eurozone economy.
- Bonds hit lows -
With the ECB primed to act, French and German borrowing rates reached new all-time lows on Tuesday amid fears over the prospect of Greece leaving the eurozone.
France's 10-year debt hit 0.772 percent and the German 10-year Bund fell to 0.484 percent.
Market sentiment was being dragged down also by plunging oil prices, according to analysts.
"While in the medium to long term lower energy prices are positive for growth, in the short term many see the ongoing collapse in oil prices as a sign that economic growth, especially in the eurozone and China, won't recover anytime soon," said Markus Huber, senior analyst at broker Peregrine & Black.

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 slide Arab Today, arab today european stocks extend slide

 



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 slide Arab Today, arab today european stocks extend slide

 



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 Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
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 Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
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 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
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 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 Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

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