Arab Today, arab today european stocks jump on china data easing syria fears
Last Updated : GMT 10:57:56
Arab Today, arab today
Arab Today, arab today

European stocks jump on China data, easing Syria fears

Arab Today, arab today

Arab Today, arab today European stocks jump on China data, easing Syria fears

London - AFP

Europe\'s main stock markets rebounded on Tuesday as investors welcomed more bright Chinese economic data and easing Syria tensions, dealers said. London\'s FTSE 100 index rose 0.72 percent to stand at 6,577.71 points in midday deals, Frankfurt\'s DAX 30 rallied 1.69 percent to 8,416.06 points and the CAC 40 in Paris jumped 1.30 percent to 4,092.98. The European single currency eased to $1.3242 from $1.3250 late on Monday. The dollar rose to 100.03 yen from 99.59 yen. On the London Bullion Market, gold prices retreated to $1,373.42 an ounce from $1,390. \"Equity markets are rallying strongly ... as the market reacts to better than expected industrial production numbers out of Beijing and reduced tensions around Syria,\" said analyst Matt Basi at traders CMC Markets. \"It seems global leaders are unanimous on the need to follow UN protocol and direct their efforts to intervene in the crisis down the correct channels, which makes a refreshing change to the \'bomb first, argue later\' approach that markets had feared.\" Traders seized on a possible breakthrough in the Syria crisis after Russia proposed a plan to avert a US-led strike on Damascus by securing a deal for the regime to destroy its chemical weapons. US President Barack Obama said the move could be a \"significant breakthrough\", easing fears of an attack that many analysts fear could lead to a wider conflict in the Middle East. Europe\'s major airlines also won a major boost from easing tensions. In London, International Airlines Group, parent group of BA and Iberia, saw its share price gained 4.42 percent to 319 pence, and Easyjet leapt 5.45 percent to 1,336 pence. German carrier Lufthansa soared 5.48 percent to 13.755 euros in Frankfurt. \"The easing of tensions in Syria -- due to the Russian comments and US President implying that military action may not be necessary -- has seen airline shares bounce as tourists could be more willing to travel around the general Middle East region,\" said Richard Hunter, analyst at Hargreaves Lansdown stockbrokers. The Syria news also pushed oil prices lower, which in turn cuts the cost of jet fuel for airlines. Jet fuel, or kerosene, is refined from crude. Asian stock markets also rose on Tuesday, with investors buoyed by a string of upbeat global economic data as well as signs that a US-led strike on Syria could be averted. The Chinese stock market gained 1.15 percent after data showed that industrial production had expanded in August at its fastest rate in 17 months. The main gauge of output at China\'s factories, workshops and mines increased 10.4 percent year-on-year in August, the National Bureau of Statistics (NBS) said. That was the strongest growth since March 2012 and beat market expectations for a rise of 9.9 percent. The news follow strong trade figures on Monday and add to recent results pointing to a pick-up in the world\'s number two economy and key driver of global growth. Buying sentiment was also lifted by a Wall Street rally, while Japanese traders were still on a high after Tokyo\'s successful bid to host the Olympic Games in 2020. The Japanese stock market grew 1.54 percent, adding to Monday\'s 2.48-percent rise. Elsewhere, Hong Kong climbed 0.99 percent, Sydney was up 0.3 percent and Seoul won 0.98 percent in value.

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 jump on china data easing syria fears Arab Today, arab today european stocks jump on china data easing syria fears

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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