Arab Today, arab today european stocks mixed on us chinese outlook
Last Updated : GMT 19:52:01
Arab Today, arab today
Arab Today, arab today

European stocks mixed on US, Chinese outlook

Arab Today, arab today

Arab Today, arab today European stocks mixed on US, Chinese outlook

New York - AFP

European stock markets were mixed on Monday amid deep concern about the world economy in light of the eurozone debt crisis, weak US data, a slowdown in China and perceived lack of political action. While London was closed for the jubilee bank holiday, the German DAX stock index traded below the key psychological level of 6,000 points for the first time since January. In late morning exchanges, the DAX stood at 5,975.11 points, down 1.24 percent from the close on Friday. \"For the start of the new trading week things are looking increasingly bleak for European equities,\" ETX Capital trader Markus Huber commented. He added that the market trend downwards was based on \"Friday\'s much worse than expected US job data and news overnight out of China pointing towards a broadening of the slowdown from manufacturing into the service sector.\" LBBW brokers said in a note to investors that \"the bearish sentiment looks set to continue in Europe for the time being.\" In Paris however, the CAC 40 index erased opening losses to show a rise of 0.43 percent to to 2,963.10 points after having lost more than two percent on Friday to reach a six-month low point. Spanish stocks were also back in positive territory after falling by more than one percent at the start of trading to 5,990.7 points, the first time the Ibex-35 index had dropped below 6,000 points since 2003. It later showed a solid gain of 1.87 percent at 6,178.20 points. On foreign exchange markets, the euro traded for 1.2427 dollars, up slightly from its level late Friday in New York of 1.2423 dollars. The Spanish labour ministry said Monday that the number of jobseekers in Spain fell by a slight 0.63 percent to 4.71 million people, the second consecutive monthly drop after hitting a record high in March. Spain has the highest unemployment rate in the industrialised world, with 24.44 percent of the workforce idle, according to the national statistics office Ine. In neighbouring Portugal, the finance ministry said it would inject more than 6.65 billion euros ($8.2 billion) into private banks BCP and BPI, and the state-owned CGD to meet criteria established by the European Banking Authority. Five billion euros of that amount would come from an envelope worth 12 billion included in an EU/IMF financial rescue plan drawn up in May 2011, the ministry said. Portugal has passed its fourth bailout review and will receive its next tranche of rescue loans from the European Union and International Monetary Fund, Finance Minister Vitor Gaspar said. \"According to the evaluation made by international institutions, we are respecting our recovery programme,\" Gaspar said. In Cyprus, news agency CNA reported that President Demetris Christofias has not ruled out seeking aid from the EU\'s permanent bailout fund, the European Stability Mechanism. Christofias said Cyprus was still uncertain whether his country would turn to the ESM once operations began in July, but he did not rule out the possibility, CNA said. Economists warned that European authorities did not seem to be tackling the debt crisis in a determined and coordinated manner, leaving investors to fear stock prices could sink further still. \"While many consider the recent move to the downside as vastly overdone, any help in the short term seems also hard to come by with politicians continue to disagree about measures to stabilise the current situation and the ECB unwilling being dictated to by falling markets and a worsening in sentiment,\" Huber said. UniCredit Chief economist Erik Nielsen added that in his opinion, \"global political leadership is in short supply these days.\"

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 on us chinese outlook Arab Today, arab today european stocks mixed on us chinese outlook

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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