Arab Today, arab today european stocks rise in volatile trading
Last Updated : GMT 03:57:31
Arab Today, arab today
Arab Today, arab today

European stocks rise in volatile trading

Arab Today, arab today

Arab Today, arab today European stocks rise in volatile trading

In Frankfurt the DAX
London - AFP

European stocks posted modest gains in volatile trading Thursday, having briefly turned negative after US unemployment claims rose more than expected.
London's benchmark FTSE 100 index rose 0.37 percent to end the day at 6,635.45 points, while in Frankfurt the DAX 30 climbed 0.41 percent to 9,248.51 and in Paris CAC 40 added 0.19 percent to 4,187.95 points.
Milan gained 0.43 percent but Madrid slid 0.17 percent.
European corporate earnings results helped push markets up solidly in early trade, recovering from losses Wednesday as global regulators fined six top European and US banks $4.2 billion (3.4 billion euros) for attempting to rig foreign exchange markets.
However higher than expected US jobless claims sent major European indices briefly negative, before bouncing back on investor Warren Buffet's $4.7 billion takeover of Duracell.
Trader Renaud Murail at Barclays Bourse said that without a catalyst the markets "are going from euphoria to depression real fast."
"There aren't any new elements but many uncertainties on the markets without a real catalyst and macroeconomic sluggishness," said Saxo Banque analyst Andrea Tueni.
But bad news has often been good news for equity markets on expectations that central banks will step up their support for sluggish economies, noted analyst Tony Cross at Trustnet Direct.
Chinese industrial production expanded by 7.7 percent year-on-year in October, China's statistics office said Thursday, down from an 8.0 percent gain in September and below expectations of an 8.0 percent rise.
Meanwhile, a survey by the European Cental Bank of professional forecasters found they believe ultralow inflation, along with low growth, is likely to last longer than previously thought.
"Hopes are that China will be the latest nation to introduce fresh stimulus measures to boost growth after its economy showed further signs of cooling," said Cross.
- Battery deal powers stocks -
European markets briefly went into negative territory as first-time requests for unemployment benefits in the United States, a key indicator of the pace of job losses, rose more than expected.
The number of benefit requests rose to 290,000 in the week ending November 8, a rise of 12,000 from the previous week and above the consensus forecast of a gain of 2,000.
But they bounced back after Wall Street opened back in record territory, after a pause on Wednesday, spurred by Berkshire Hathaway's $4.7 billion takeover of Duracell battery and strong results from Walmart.
In midday trading the Dow Jones Industrial Average was up 0.30 percent to 17,664.57 points.
The broad-market S&P 500 edged up 0.01 percent to 2,038.46, while the tech-rich Nasdaq Composite rose 0.16 percent to 4,682.43.
Asian markets were mixed Thursday after China released another batch of disappointing data indicating a slowdown in the economic giant.
In Thursday's foreign exchange deals, the European single currency rose to $1.2480 from $1.2438 late in New York on Wednesday, as dealers digested the latest inflation data in France and Germany.
The British pound meanwhile sank to $1.5725 -- the lowest level since mid-September 2013 -- one day after the Bank of England appeared to push back hopes for an interest rate hike into late 2015.
The pound later stood at $1.5729, down from $1.5781 on Wednesday. The euro rose to 79.34 British pence from 78.82.
On the London Bullion Market, the price of gold slid to $1,161.75 an ounce from $1,164.50 late on Wednesday.

 

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 rise in volatile trading Arab Today, arab today european stocks rise in volatile trading

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
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 Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
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 Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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