Arab Today, arab today european stocks rally on china data us earnings
Last Updated : GMT 06:58:52
Arab Today, arab today
Arab Today, arab today

European stocks rally on China data, US earnings

Arab Today, arab today

Arab Today, arab today European stocks rally on China data, US earnings

London - AFP

European stocks rallied Tuesday and the euro rose against the dollar as Chinese data and upbeat US company results overshadowed fears over the stubborn eurozone debt crisis, dealers said. Investor sentiment was boosted as slowing Chinese exports sparked fresh speculation over more monetary easing from Beijing. In European midday trade, London\'s FTSE 100 index of leading stocks was up 1.17 percent to 5,678.19 points, Frankfurt\'s DAX 30 jumped 2.49 percent to 6,165.57 points and the Paris CAC 40 advanced 2.31 percent to 3,199.66. Milan surged by more than three percent, led by a recovery in the banks, including UniCredit, which had slumped sharply in the past few sessions. The euro meanwhile advanced to $1.2790 from $1.2763 in New York late Monday, when it struck a 16-month low at $1.2666. US aluminum giant Alcoa announced overnight that full-year profit more than doubled in 2011 to $611 million and delivered an upbeat demand outlook but also posted a fourth-quarter loss of $191 million on declining revenues. \"The sentiment in the markets improved as the earnings season kicked off with Alcoa publishing its latest forecast beating results, shifting the attention from European troubles for a while,\" said trader Anita Paluch at Gekko Global Markets. \"Also the Chinese trade data, despite a clear slowdown in growth, raised hopes for a monetary policy easing in Beijing.\" China\'s trade surplus shrank in 2011 as import and export growth slowed sharply, official data showed on Tuesday, after domestic tightening measures and global economic turmoil hit consumption. The figures add to mounting evidence the economy is slowing and ratchets up pressure on Beijing to further loosen policy to prevent the world\'s second-largest economy from suffering a painful hard landing. \"Over in China, we\'re seeing a similar development with regards to economic data as happened in the US last autumn -- namely that bad data has a positive effect as it raises hopes of looser monetary policy,\" said IG Index analyst David Jones. \"Today\'s weaker trade data from the Asian giant spurred some to hope that Beijing will cut rates to boost growth, breathing new life into the dynamo economy of the east.\" In Asian trade Tuesday, Shanghai\'s stock market soared 2.69 percent and Hong Kong closed 0.73 percent stronger. Tokyo gained 0.38 percent, Sydney added 1.14 percent and Seoul jumped 1.46 percent. Back in Frankfurt, Commerzbank shares surged 7.72 percent to 1.27 euros after the German lender\'s chief financial officer Eric Strutz indicated that the group was able to meet EU capital requirements under its own steam. \"In the DAX, Commerzbank is today a clear winner after its statement it could raise the needed capital on its own with no help from the government,\" added trader Paluch. Meanwhile, a Franco-German meeting on ramping up plans to save the euro got a tepid response from investors. The ongoing sovereign debt crisis in Europe showed no sign of abating despite German Chancellor Angela Merkel and French President Nicolas Sarkozy holding a meeting on the eurozone crisis. Sarkozy said after the talks that an agreement on stricter budgetary rules tying in all EU members except Britain should be signed by March 1. Merkel said negotiations on a text were \"progressing well\" and announced Paris and Berlin could accelerate payments into a permanent fund for possible future bailouts that is due to come into force later this year. Wall Street managed modest gains on Monday on the back of upbeat data and ahead of the Alcoa numbers. The Dow Jones Industrial Average rose 0.26 percent.  

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 on china data us earnings Arab Today, arab today european stocks rally on china data us earnings

 



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 At least 14 killed in Philippine bus crash

GMT 06:58 2017 Tuesday ,21 February

At least 14 killed in Philippine bus crash
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

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

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
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 Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

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