Arab Today, arab today european stocks mostly slip on eve of ecb
Last Updated : GMT 10:54:50
Arab Today, arab today
Arab Today, arab today

European stocks mostly slip on eve of ECB

Arab Today, arab today

Arab Today, arab today European stocks mostly slip on eve of ECB

Stock exchange in Frankfurt
London - AFP

Europe's stock markets mainly fell Wednesday, erasing earlier gains in cautious deals on the eve of a critical ECB meeting that is forecast to launch a radical economic stimulus policy.
Investors widely expect that the European Central Bank will decide Thursday to begin a sovereign bond-buying programme, known as quantitative easing (QE), to boost the sagging 19-nation economy and combat deflation, but analysts remain uncertain over the exact size of the stimulus.
"European shares are trading little changed ... ahead of tomorrow’s eagerly awaited ECB meeting," said analyst Markus Huber at broker Peregrine & Black.
"While very few doubt that the ECB will announce some kind of a QE tomorrow there are still plenty of speculations about the size of the QE and specifics -- like who exactly will do the buying, individual central banks or the ECB, and who will shoulder the risk."
In midday deals, London's benchmark FTSE 100 index of top companies won 0.71 percent to 6,667.10 points, lifted by news that British unemployment has struck another six-year low and expectations that a Bank of England rate hike is a long way off.
Elsewhere, Frankfurt's DAX 30 slid 0.25 percent to 10,231 points and the CAC 40 in Paris lost 0.26 percent to 4,434.40 compared with Tuesday's close.
The European single currency firmed to $1.1568 from $1.1553 late in New York on Tuesday, when it was hit by persistent QE speculation.
Some analysts have suggested that the ECB's QE programme could include at least 500 billion euros of government debt and up to 250 billion euros of other non-financial corporate debt.
- Size of QE 'crucial' -
"The size of this QE package is absolutely crucial for the markets and how the markets will react," Forex.com research director Kathleen Brooks told AFP.
"Anything below 500 billion (euros) would be considered a real disappointment, largely because it would just be a drop in the ocean, especially compared to QE programmes that we've got used to, things that came out of the Federal Reserve or the Bank of Japan."
She added there was a large political risk attached to QE stimulus in the 19-nation euro currency area, particularly for eurozone powerhouse Germany.
"There's a huge political cost to doing QE in the eurozone, because largely it means risk-sharing," Brooks said.
"So if your central bank is buying up the assets of various member states, then all of a sudden Germany, in particular -- they've got the biggest economy in the eurozone -- could be liable if those states don't pay bank the central bank."
Europe's main equity indices had also advanced on Tuesday, winning a boost from German data and expectations of ECB stimulus, while investors also awaited key elections in Greece due on Sunday.
"Tomorrow’s ECB verdict remains top of the agenda from a global markets perspective and any disappointment could inject a degree of panic," cautioned analyst Tony Cross at traders Trustnet Direct.
- Tokyo slides on BoJ -
Elsewhere on Wednesday, Tokyo shares fell, countering a broad rally in Asian markets after the Bank of Japan (BoJ) slashed its inflation forecast and held off fresh easing measures after a two-day meeting.
The yen rose against both the dollar and the euro on the news, however, as traders took solace in the BoJ's announcement that it was also raising Japan's growth outlook on signs the economy was rebounding.
Tokyo's benchmark Nikkei 225 index closed 0.49 percent lower.
Japan was the exception, however, as a broad rally across Asian markets saw Hong Kong rise 1.6 percent and Shanghai rally 4.74 percent.
Sydney gained 1.62 percent and Seoul won 0.15 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 mostly slip on eve of ecb Arab Today, arab today european stocks mostly slip on eve of ecb

 



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 mostly slip on eve of ecb Arab Today, arab today european stocks mostly slip on eve of ecb

 



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 Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
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 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 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 Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

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 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 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