Arab Today, arab today european stocks motor ahead at open
Last Updated : GMT 16:24:40
Arab Today, arab today
Arab Today, arab today

European stocks motor ahead at open

Arab Today, arab today

Arab Today, arab today European stocks motor ahead at open

Federal Reserve Chairwoman Janet Yellen
London - AFP

Europe's main stock markets rebounded strongly at the open on Friday as traders digested a speech by Federal Reserve chief Janet Yellen on the outlook for US interest rates.

London's benchmark FTSE 100 index rallied 1.55 percent to 6,054.04 points compared with Thursday's close.

In the eurozone, Frankfurt's DAX 30 jumped  1.77 percent to 9,594.53 points and the Paris CAC 40 won 1.75 percent to 4,423.12.

European stock markets had closed lower Thursday following another volatile day of trading, as a spreading Volkswagen scandal offset positive German data.

But equities fought back Friday, mirroing gains in Tokyo, after Yellen hinted at a US rate hike by the end of 2015.

"With equities having sold off following the Fed’s decision to leave rates on hold last week, the bullish (market)... reaction suggests investors would prefer the Fed to get on with it and raise rates sooner rather than later," said Mike van Dulken, analyst at Accendo Markets trading group.

Yellen on Thursday said that she still expects to increase interest rates in 2015 and that concerns about weaker global growth was unlikely to affect the plan.

Her remarks came a week after the US central bank opted at a widely anticipated meeting against enacting the first rate hike in nearly 10 years.

Following the September 17 meeting, Yellen told a news conference that the committee decided to hold off owing to worries about slowing growth in China and capital flight from emerging markets.

But in Thursday's speech, Yellen said policymakers were still "monitoring developments abroad" but did not think they would derail the US economy.

"As we come to the end of a turbulent (trading) week, where pretty much every sector has felt the chill winds of selling pressure, the health of the global economy continues to come under singular scrutiny, with emerging markets in particular the source of increasing concern," said Michael Hewson, chief market analyst at CMC Markets UK.

"We continue to hear a lot of reassuring words that China’s economy is not heading for a hard landing, and while that may be true major corporates appear to be concerned enough to take steps to shore up their balance sheets."

Highlighting the volatility of the past week, shares in auto giant Volkswagen shot up by more than four percent at the open on Friday, ahead of the widely anticipated announcement of its new chief executive.

VW shares, which have bounced back over the past two days from unprecedented losses at the start of the week, hit an intraday high of 117 euros in the first few minutes of trading, an increase of 4.3 percent from the closing price the day before.

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 motor ahead at open Arab Today, arab today european stocks motor ahead at open

 



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 motor ahead at open Arab Today, arab today european stocks motor ahead at open

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
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 Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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