Arab Today, arab today european stocks rebound on bond auctions
Last Updated : GMT 10:34:12
Arab Today, arab today
Arab Today, arab today

European stocks rebound on bond auctions

Arab Today, arab today

Arab Today, arab today European stocks rebound on bond auctions

London - AFP

European stock markets and the euro climbed on Thursday on the back of successful bond auctions in Italy and Spain, and before key interest rate decisions in Britain and the eurozone. In late morning deals, London\'s FTSE 100 index of leading stocks gained 0.33 percent to 5,689.46 points, Frankfurt\'s DAX 30 jumped 1.34 percent to 6,236.98 points and the Paris CAC 40 won 1.22 percent to 3,244.01 points. Milan\'s FTSE Mib surged 3.24 percent to 15,367.02 points and Madrid\'s Ibex 35 rallied 1.62 percent to 8,564.4 points. The European single currency advanced to $1.2748 from $1.2707 in New York late on Wednesday, when it had plunged to a 16-month low at $1.2662 -- last seen in September 2010 -- on eurozone debt crisis worries. \"A well-received Spanish bond auction put a touch of Mediterranean sparkle into the FTSE 100 this morning, enlivening up what started out as a rather dull session,\" said analyst Chris Beauchamp at trader IG Index on Thursday. \"Markets had been on hold before the sale, as traders waited to see whether there was anyone left willing to buy up debt issued by the Iberian state.\" Spain aced its first bond test of 2012 under a new right-leaning government, locking in sharply lower borrowing rates and raising far more money than first planned. Investors flocked to the issue and the Treasury took advantage of the cheaper rates to raise about 10 billion euros ($12.7 billion) -- twice the original target. Italy, meanwhile, raised 12 billion euros ($15 billion) in its first bond auction of the year on Thursday, with borrowing rates for short-term funds down sharply in a sign of improving market confidence. Rome issued 8.5 billion in 12-month bonds and 3.5 billion euros in flexible Treasury bills to mature within 136 days, the Bank of Italy said. Borrowing rates on the 12-month Italian bonds tumbled. Across in Frankfurt, the European Central Bank, which has cut interest rates the past two months, looks set to hold borrowing costs later Thursday, until it can better assess how effective the moves have been. And in London, the Bank of England also appears set to leave interest rates unchanged, at a record low level of 0.50 percent, amid fragile growth. The BoE call is due at 1200 GMT, followed by the ECB at 1245 GMT. British stock market gains were meanwhile tempered by a gloomy trading update from the nation\'s biggest retailer Tesco. The supermarket chain posted falling sales for the crucial Christmas trading period and warned on the outlook for profits growth. In reaction, Tesco shares tumbled 14.21 percent to 330.30 pence. In Asia, stock markets mostly fell as earlier optimism petered out after another slowdown in Chinese inflation. An upbeat assessment of the world\'s biggest economy by the US Federal Reserve was also unable to provide enough support as Wall Street provided a weak lead a day after hitting a five-month high. Hong Kong dropped 0.30 percent, Sydney fell 0.16 percent and Tokyo dipped 0.74 percent, while Shanghai closed flat. China released figures showing consumer prices rose 4.1 percent in December, a fifth straight month of easing and their slowest pace since September 2010. The National Bureau of Statistics said the full-year rate came in at 5.4 percent -- well above the government\'s four percent target. The figures provided authorities with enough room to further ease monetary policy, lifting hopes for better credit conditions in the country after more than a year of measures aimed at tackling soaring inflation.  

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 rebound on bond auctions Arab Today, arab today european stocks rebound on bond auctions

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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