Arab Today, arab today european stocks mixed after us market rebounds
Last Updated : GMT 00:44:54
Arab Today, arab today
Arab Today, arab today

European stocks mixed after US market rebounds

Arab Today, arab today

Arab Today, arab today European stocks mixed after US market rebounds

London - AFP

European stock markets ended mixed on Thursday, after bright data helped Wall Street recover from the prospect of an earlier-than-expected hike in US interest rates. London's FTSE 100 slid 0.47 percent to 6,542.44 points, but the CAC 40 in Paris climbed 0.46 percent to 4,327.91 points and the Dax 30 in Frankfurt added 0.21 percent to 9,296.12 points. European markets had fallen sharply in morning trade, following Asian markets and Wall Street overnight after US Federal Reserve Chairman spooked investors Wednesday by saying the central bank could begin rising interest rates from record lows about six months after ending its stimulus programme. With the stimulus likely to wrap up by year's end, Yellen's comments suggest a hike to the Fed's main interest rate in early 2015. Expectations had been for an increase late next year. Wall Street tumbled to a lower finish in reaction on Wednesday, while Asian stock markets ended with large falls on Thursday. US stocks continued falling in early trade on Thursday, but rebounded after a series of economic data came in better than expected. "UK and European markets spent most of the day bogged down in US interest rate concerns only to follow US markets higher after the Philadelphia Fed Index came in at 9 months highs with a sign that US business sentiment is improving," said analyst Jasper Lawler at CMC Markets UK. In midday trading the Dow Jones Industrial Average was up 0.71 percent to 16,336.87 points. The broad-based S&P 500 climbed 0.55 percent to 1,871.02, while the tech-rich Nasdaq Composite Index added 0.41 percent to 4,325.20. In foreign exchange trade Thursday, the euro fell further to hit $1.3787, compared with $1.3827 late on Wednesday in New York. The dollar edged up to 102.42 yen from 102.32. The pound rose to 1.1978 euros from 1.1953, but slid to $1.6516 from $1.6541. On the London Bullion Market meanwhile, the price of gold fell to $1,327.00 an ounce from $1,338 on Wednesday. "The US dollar has been supported by the less dovish than expected outlook for Fed policy," said Lee Hardman, analyst at Bank of Tokyo-Mitsubishi UFJ. - Mulberry higher as CEO quits - On the corporate front, shares in Mulberry climbed 5.3 percent to 670 pence after the British luxury handbag maker announced the departure of its chief executive, Frenchman Bruno Guillon, with immediate effect after two years at the helm. The company did not give a reason for the departure but it follows a profit warning from Mulberry in January amid slowing sales in Britain and key market South Korea, sparking a collapse of its share price at the time. Mulberry said that Godfrey Davis, non-executive chairman and previously chief executive of the company, will become executive chairman until a successor is found. In Paris, shares in Hermes dropped 0.25 percent to 236.90 euros despite the company bucking the slowdown hitting many luxury goods makers by posting a record net profit of 790 million euros. However the maker of Kelly and Birkin bags said it expects a slowdown in profit growth this year, primarily due to a strong yen. The company makes 45 percent of its sales in Asia, with Japan its largest foreign market. Deutsche Bank was meanwhile down 0.32 percent to 32.55 euros after revising down its 2013 earnings to reflect the recent settlement of a long-running legal dispute. Germany's biggest bank said in a statement that net profit amounted to 681 million euros in 2013, rather than the 1.08 billion euros originally reported in January. In a long and bitter legal battle dating back to 2002, media tycoon Leo Kirch, who died in 2011 at the age of 84, had been suing Deutsche Bank for more than 3.0 billion euros. Elsewhere, Munich Re stock gained 1.30 percent to 152.45 euros after the German reinsurance giant said it plans to buy back up to 1.0 billion euros worth of shares by 2015.

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 mixed after us market rebounds Arab Today, arab today european stocks mixed after us market rebounds

 



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 mixed after us market rebounds Arab Today, arab today european stocks mixed after us market rebounds

 



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 Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
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 Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
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 Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
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 Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

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 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

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