european stocks fade before fed interest rate clues
Last Updated : GMT 01:44:52
Arab Today, arab today
Arab Today, arab today

European stocks fade before Fed interest rate clues

Arab Today, arab today

Arab Today, arab today European stocks fade before Fed interest rate clues

The US central bank's two-day gathering
London - AFP

Europe's major stock markets fell Tuesday as investors cautiously awaited a US Federal Reserve meeting for clues on the timing of an interest rate increase in the world's top economy.

The US central bank's two-day gathering, which concludes on Wednesday, comes amid more signs of lethargy in the world economy.

"UK and European stocks edged lower on Tuesday, trimming a little more off the huge gains seen last week," said CMC Markets analyst Jasper Lawler.

"Risk avoidance is still reigning supreme before the interest rate decision from the Federal Reserve on Wednesday."

London's benchmark FTSE 100 index slid 0.31 percent to 6,397.30 points in late morning deals, after news of a third-quarter slowdown for the British economy.

In the eurozone, the Paris CAC 40 shed 0.54 percent to 4,870.92 points and Frankfurt's DAX 30 dipped 0.43 percent to 10,755.29 compared with Monday's close.

Traders are hoping for more guidance on the Federal Reserve's timetable for raising interest rates, with speculation brewing that it will delay any move until next year owing to recent turmoil on global markets and weakness in China.

The Fed is expected to again delay raising borrowing costs and leave its key rate near zero, where it has stood since December 2008 to stimulate economic growth.

Most Asian markets also retreated Tuesday as investors look ahead to central bank meetings in both the United States and also Japan this week.

In late morning London deals, the US dollar fell to 120.45 yen from 121.07 yen late Monday in New York and the euro declined to $1.1047 from $1.1059 over the same period.

The yen was edging up ahead of a Bank of Japan (BoJ) meeting where it faces pressure to unveil fresh stimulus following a string of below-par economics data.

Calls for more measures have grown since China's interest rate cut last week and hints from European Central Bank that it could widen its own easing programme in December.

"The Fed and the BoJ meetings this week are pivotal events that will determine whether this rally can go any higher," Angus Nicholson, an analyst at IG Markets Ltd. in Melbourne, told Bloomberg News.

"If we see the Fed push back raising interest rates toward 2016 and the BoJ step up stimulus, that will have a big positive impact on equities."

Back in London, energy giant BP's share price rose 0.62 percent to 386.80 pence as investors digested better than expected third-quarter results.

BP said profits collapsed as oil prices halved on back of the stubborn global supply glut.

Profit adjusted to reflect the value change in oil inventories sank 40 percent to $1.82 billion from $3.04 billion. However, that beat market expectations of $1.26 billion.

"BP have managed to surprise the market," noted Mike McCudden, head of derivatives at online broker Interactive Investor.

arabstoday
arabstoday

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

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
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 fade before fed interest rate clues european stocks fade before fed interest rate clues

 



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 fade before fed interest rate clues european stocks fade before fed interest rate clues

 



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 Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
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 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 Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
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 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

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 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

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