Arab Today, arab today european stocks rally as economy worries remain
Last Updated : GMT 19:46:39
Arab Today, arab today
Arab Today, arab today

European stocks rally as economy worries remain

Arab Today, arab today

Arab Today, arab today European stocks rally as economy worries remain

London - AFP

European stock markets rallied Tuesday following gains in Asia and overnight on Wall Street, although gains were capped by weak German data and lingering fears about a return to recession. Analysts said that sentiment could quickly reverse direction, noting that investors again piled into safe-haven gold amid worries for the global economy, sending the precious metal above $1,900 an ounce for the first time. London\'s FTSE 100 index of leading shares was up 0.98 percent at 5,145.42 points in midday deals, Frankfurt\'s DAX 30 gained 1.50 percent to 5,555.73 points and in Paris the CAC 40 jumped 1.49 percent to 3,096.88. European markets closed mostly higher Monday after plunging late last week on fears of a fresh global recession and on heightened tensions surrounding the eurozone debt crisis. \"The FTSE is on track for a second day of modest gains after a good trading session in Asia overnight but as recent weeks have shown, it wouldn\'t take much to derail this rally,\" said Spreadex trader Christopher Purdy. \"With gold breaching the $1,900-level it appears that equity markets have not yet won back the confidence of most investors and volumes remain anaemic.\" European stocks meanwhile lost some early momentum on news that German investor confidence slumped in August for a sixth month running and to levels last seen in late 2008. The closely watched ZEW economic expectations index fell a whopping 22.5 points to stand at minus 37.6 points, far below the indicator’s historical average of 26.2 points. In July, it had slipped by just 6.1 points. Asian stock markets closed higher on Tuesday thanks to bargain-hunting and a positive lead from Wall Street, while Japanese shares were supported by a stable yen-dollar, traders said. The euro was up against the dollar in London deals. Sentiment was also given a slight lift by better-than-expected preliminary manufacturing activity data from China that raised hopes a feared hard landing in the world\'s number two economy was less likely. In Europe, Switzerland\'s biggest bank UBS on Tuesday announced plans to slash 3,500 jobs to save some 2.0 billion Swiss francs (1.8 billion euros, $2.5 billion). In reaction, UBS shares won 1.99 percent to 10.74 Swiss francs. British oil and gas explorer Cairn Energy climbed 0.76 percent to 291.9 pence after announcing a return to profit during the first half of 2011 as the company quadrupled revenues on higher oil prices and increased production. Cairn added it was seeking exploration opportunities in Lebanon. London-based brewer SABMiller meanwhile rose 1.47 percent to 2,074.5 pence after the company\'s takeover target, Australian beer giant Foster\'s, said it would return more than Aus$500 million ($519 million) to shareholders. It comes after Foster\'s last week urged its shareholders to reject SABMiller\'s $10 billion hostile takeover bid, saying it was too low.  

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 rally as economy worries remain Arab Today, arab today european stocks rally as economy worries remain

 



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 rally as economy worries remain Arab Today, arab today european stocks rally as economy worries remain

 



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 Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
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 Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
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 China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

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 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

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