Arab Today, arab today european stocks fall before cyprus talks
Last Updated : GMT 12:54:35
Arab Today, arab today
Arab Today, arab today

European stocks fall before Cyprus talks

Arab Today, arab today

Arab Today, arab today European stocks fall before Cyprus talks

London - AFP

Europe\'s main stock markets fell on Friday in downbeat pre-weekend deals before the outcome of a major eurozone ministers meeting that seeks to agree a bailout for the Cyprus government, dealers said. Sentiment was also dented ahead of triple witching day, when stock index futures, index options and stock options all expire together. London\'s benchmark FTSE 100 index of top companies slid 0.63 percent to 6,488.00 points in afternoon deals. Elsewhere, Frankfurt\'s DAX 30 index fell 0.46 percent to 8,021.18 points and in Paris the CAC 40 reversed 0.65 percent to 3,846.28 points. In foreign exchange activity, the euro firmed to $1.3062 from $1.3003 late on Thursday in New York. Gold prices increased to $1,593.25 an ounce on the London Bullion Market from $1,586. Eurozone veteran Jean-Claude Juncker said Friday that Eurogroup finance ministers meeting later in the day must agree on a bailout for the near-bankrupt Cyprus government. \"The Cyprus question should not just be brought closer to a solution -- it should be solved,\" Luxembourg Prime Minister Juncker told reporters in the early hours at the close of a gathering of eurozone leaders held in the middle of a two-day European Union summit. Asked if he foresaw a deal being reached at the finance talks set for 1600 GMT, after an EU summit ends, the recently-departed Eurogroup chairman said: \"I can\'t imagine that we would let the weekend pass without having solved the Cyprus problem.\" European stocks had closed higher on Thursday on upbeat news that Ireland could become the first eurozone nation to emerge from its bailout programme, and following a decline of US jobless claims for a third straight week. \"Eurozone problems are back in focus -- even though the Cyprus bailout was not on the agenda, the issue is expected to be discussed on the second day of the EU summit,\" said Gekko Markets analyst Anita Paluch on Friday. She added: \"European stocks are struggling for direction as caution prevails ahead of the triple witching, when options and futures contracts will expire.\" US stocks fell in early trade Friday after a key consumer sentiment index sank and the Fed\'s review of bank capital plans raised questions about lending giants JPMorgan Chase and Goldman Sachs. At 1015 am (1415 GMT), the Dow Jones Industrial Average was down 59.25 points (0.41 percent) to 14,479.89. The broad-based S&P 500 lost 6.59 (0.42 percent) to 1,556.64, while the tech-heavy Nasdaq Composite dropped 14.10 (0.43 percent) to 3,244.83. The University of Michigan Consumer index took a surprising dive to 71.8, its lowest level since the end of 2011 and down from 77.6 in February. Analysts had expected a gain. JPMorgan and Goldman shares both sank after the Federal Reserve on Thursday raised questions about their capital plans, ordering adjustments to \"address weaknesses\" if they want to proceed with dividend payouts and share buybacks as hoped. JPMorgan was also hit by the release of a damning US Senate report on the London Whale trades. Asian equity markets were mixed on Friday following another strong lead from Wall Street, where traders took heart from more upbeat US jobs numbers. The yen was flat meanwhile after Japanese lawmakers gave final approval to the government\'s nominees to take the helm at the Bank of Japan, with expectations high that it will usher in more aggressive monetary easing. Tokyo stocks rallied 1.45 percent to 12,560.95, its highest level since September 2008, while Sydney bounced back from three days of losses to register its biggest rise since July, adding 1.75 percent to close at 5,120.2. On the downside, Hong Kong finished 0.38 percent lower and Seoul fell 0.78 percent in value.

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 fall before cyprus talks Arab Today, arab today european stocks fall before cyprus talks

 



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 fall before cyprus talks Arab Today, arab today european stocks fall before cyprus talks

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
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 Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
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 EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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