Arab Today, arab today european stocks mixed before weekend
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

European stocks mixed before weekend

Arab Today, arab today

Arab Today, arab today European stocks mixed before weekend

London - AFP

European stock markets traded mixed and the euro retreated from seven-week highs against the dollar on Friday as traders banked profits ahead of the weekend pause. London\'s FTSE 100 index gained 0.26 percent to 6,546.46 points following strong British export data and approaching midday in the British capital. Frankfurt\'s DAX 30 fell 0.16 percent to 8,305.24 points and the CAC 40 index in Paris dipped 0.13 percent to 4,059.15. \"Markets have hit a lull... (amid) holiday mode after a busy two weeks dominated by economic figures and news from all the major policy decision makers,\" said Toby Morris, senior sales trader at CMC Markets, in reference to action being taken by global central banks. On Friday, the world\'s second-biggest economy China reported industrial growth for July reached a five-month high. Industrial production, which measures output at factories, workshops and mines, rose 9.7 percent year-on-year, well above analyst expectations. Authorities also announced steady expansion in retail sales and fixed asset investment, and a benign inflation figure of 2.7 percent, unchanged on last month. Analysts said the figures pointed to a more stable outlook for China\'s economy -- seen as a key driver of global growth -- after months of mounting pessimism. The data came as Britain\'s biggest retailer, supermarket chain Tesco, said on Friday that it is in exclusive talks over combining its Chinese operations with those of China Resources Enterprise. Tesco said the move was in line with the group\'s strategy of seeking to profit from fast-growing economies, and comes as China seeks to balance export growth with domestic consumption. Tesco -- the world\'s third-biggest supermarket group after French rival Carrefour and US retailer Wal-Mart in first place -- said the proposed joint venture would create a business with annual sales of about £10 billion ($15.5 billion, 11.6 billion euros). Shares in Tesco rose 0.87 percent to stand at 372.3 pence in London morning deals. Shares in Dutch telecom group KPN leapt by 18.0 percent in response to a bid for full control by Mexican group America Movil. The euro edged up to $1.3383 from $1.3380 late in New York on Thursday. The dollar nudged higher to 96.68 yen from 96.65 yen on Thursday. On the London Bullion Market, the price of gold rose to $1,306.61 an ounce from $1,298.25 on Thursday. Asian stock markets closed out the week mixed, while on Wall Street overnight US stocks snapped a three-day losing streak. US economic figures including retail sales and industrial output are due out as markets look for clues as to when the Federal Reserve will start rolling back its huge stimulus drive. The US central bank has said any pull back from its quantitative easing scheme rested on evidence of a solid recovery in the world\'s largest economy.  

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 before weekend Arab Today, arab today european stocks mixed before weekend

 



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 before weekend Arab Today, arab today european stocks mixed before weekend

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
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 Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
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 Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
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 Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

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 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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