european stocks fall after bernanke remarks
Last Updated : GMT 04:43:00
Arab Today, arab today
Arab Today, arab today

European stocks fall after Bernanke remarks

Arab Today, arab today

Arab Today, arab today European stocks fall after Bernanke remarks

London - AFP

Europe\'s main stock markets gave up early gains on Tuesday after US Federal Reserve Chairman Ben Bernanke gave a gloomy outlook on the US economy and on news of falling German investor confidence. In late afternoon trade, London\'s FTSE 100 benchmark index of leading shares slipped 0.50 percent to 5,633.65 points, Frankfurt\'s DAX 30 index was unchanged at 6,566.30 points and in Paris the CAC 40 won 0.12 percent to 3,193.58 points. Madrid lost most of an early rally and was up only 0.10 percent and Rome slumped 0.96 percent. In foreign exchange deals, the European single currency also reversed early gains, slipping to $1.2210 from $1.2271 in New York late Monday. In prepared testimony to Congress, Bernanke admitted that US economic data had been \"disappointing\" and that a future reduction in unemployment would likely prove \"frustratingly slow.\" He also forecast slower growth for this year and next and painted a future replete with pitfalls both domestic and from Europe. \"Given that growth is projected to be not much above the rate needed to absorb new entrants into the labor force, the reduction in the unemployment rate seems likely to be frustratingly slow,\" he said in his semi-annual testimony. German investor confidence also weighed on sentiment, falling for the third month in a row in July as the eurozone debt crisis hurt exports, a new survey showed on Tuesday. The ZEW think tank\'s economic expectations index declined by 2.7 points to minus 19.6 points, fanning concerns about the health of the eurozone\'s biggest economy. Markets were initially optimistic ahead of Bernanke\'s appearance before the Senate Banking Committee, hoping for clear signs that the US central bank would offer a liquidity boost to the lagging US economy. But Bernanke provided no such signals and US stocks erased earlier gains in late morning trade despite a spate of better-than-expected quarterly earnings from heavyweights such as Goldman Sachs, Johnson & Johnson and Coca-Cola. At around 1500 GMT, the Dow Jones Industrial Average was down 0.54 percent and the S&P 500-stock index lost 0.54 percent, while the tech-heavy Nasdaq shed 0.64 percent. In company news, shares in Rio Tinto sank 1.37 percent to 2,945.00 pence in London after the mining giant warned of significantly weakening global economic conditions. But it also posted record iron ore production and strong steelmaking coal output in the first half of 2012. Despite broader gains in Paris, Alcatel-Lucent stock tumbled 18 percent to 0.93 euros after warning that it no longer expects to post a stronger operating margin this year. The French telecommunications equipment maker also posted a provisional second-quarter adjusted operating loss of around 40 million euros, compared with a profit of 108 million euros in the same period a year earlier. Elsewhere, Asian shares gained ground on Tuesday, led by a sharp rise in Hong Kong, amid hopes of Chinese and US stimulus measures. Hong Kong closed up 1.75 percent, while the Shanghai Composite Index rose 0.62 percent on bargain-hunting after hitting a three-year low on Monday. Tokyo climbed 0.35 percent, while Sydney rose 0.87 percent.

arabstoday
arabstoday

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

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance
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 fall after bernanke remarks european stocks fall after bernanke remarks

 



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 fall after bernanke remarks european stocks fall after bernanke remarks

 



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 Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
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 Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
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 Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
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 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

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 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

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