Arab Today, arab today european stocks pare back losses ahead of easter break
Last Updated : GMT 20:05:56
Arab Today, arab today
Arab Today, arab today

European stocks pare back losses ahead of Easter break

Arab Today, arab today

Arab Today, arab today European stocks pare back losses ahead of Easter break

London - AFP

European stocks closed mixed Thursday but off early lows ahead of the Easter break, finding some support in solid US jobs data a day after a sharp reverse on fresh concerns about the eurozone. At the close, London\'s benchmark FTSE 100 index of top companies rose 0.35 percent to 5,723.67 points after the Bank of England kept its key interest rate at a record low 0.50 percent, as expected. In Frankfurt, the DAX 30 slipped 0.13 percent to 6,775.26 points while in Paris the CAC 40 gained 0.19 percent to 3,319.81 points. Madrid ended flat and Milan retreated 0.20 percent. \"European markets have finished the week lower for the third week in a row as concerns about a prolonged European recession and rapidly rising Spanish (borrowing) costs weigh on market sentiment,\" Michael Hewson of CMC Markets said. Most European markets will be closed for on Friday and Monday for the Easter holiday break. US stocks were largely unchanged despite weekly unemployment claims falling to their lowest level in four years. At around 1600 GMT, the blue-chip Dow Jones Industrial average was down 0.07 percent, the tech-rich Nasdaq rose 0.34 percent and the broad-market S&P 500 edged up 0.01 percent. In foreign exchange trading, the euro dropped to $1.3058 from $1.3141 late in New York on Wednesday. The euro also dipped briefly below the 1.20 Swiss franc floor imposed by Switzerland\'s central bank to curb the soaring local currency, before firming back to 1.2020 francs. The dollar fell to 82.27 Japanese yen from 82.46 yen on Wednesday. A day after the European Central Bank kept its interest rates unchanged, the Bank of England did the same and also voted to maintain its stimulus programme amid mixed signals on the British economy. Financial markets took the news in stride as expectations had been for no change to the rate and traders instead turned to hints of debt crisis contagion on the sovereign bond market for direction. With renewed doubts on the economies of Spain and Italy, the difference between the yield on Spanish bonds and the benchmark debt issued by Germany widened to levels last seen in December, highlighting growing investor caution. France, in the midst of a presidential election in which the state of public finances is a central concern, paid higher rates in an auction of medium- and long-term debt. Spain on Wednesday paid sharply higher rates at a bond auction, its first debt sale since a tough austerity budget last week, in a sign of concerns over its ability to bring its finances under control. That outcome helped push European equities down sharply on Wednesday, with Frankfurt and Paris closing almost 3.0 percent lower and London and Madrid off some 2.0 percent. \"Markets were in a very bearish mood (Wednesday) and the sharp decline has almost wiped out all the gains so far this year,\" said Simon Denham, head of Capital Spreads trading group. \"The FTSE also breached various near-term support levels as a bit of panic set in with fears that bonds markets might be setting their sights back on Spain and Italy. \"The economic data from the eurozone has been poor and investors feel they may have been walking blindly into the rally, forgetting that an economic recovery cannot be built and sustained on stimulus alone\" he added. The US Labor Department reported 357,000 initial jobless claims were filed in the week ending March 31, the lowest level since April 2008. Asian stock markets also dropped owing to renewed eurozone fears. Tokyo closed down 0.53 percent, Sydney shed 0.33 percent and Hong Kong slipped 0.95 percent.

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 pare back losses ahead of easter break Arab Today, arab today european stocks pare back losses ahead of easter break

 



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 pare back losses ahead of easter break Arab Today, arab today european stocks pare back losses ahead of easter break

 



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 Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
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 Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
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 All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

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