Arab Today, arab today european stocks rise on rate calls us data
Last Updated : GMT 04:19:32
Arab Today, arab today
Arab Today, arab today

European stocks rise on rate calls, US data

Arab Today, arab today

Arab Today, arab today European stocks rise on rate calls, US data

London - AFP

European stock markets rose Thursday on solid economic data from the United States as traders digested rate decisions from the Bank of England and the European Central Bank. Dealers also tracked developments in Saint Petersburg, Russia where a G20 summit about the world economy was being overshadowed by rifts over a US plan to intervene in Syria. At close, London\'s FTSE 100 index rose 0.89 percent to 6,532.44 points, Frankfurt\'s DAX 30 firmed 0.48 percent to 8,234.98 points and the CAC 40 in Paris climbed 0.66 percent to 4,006.80 points. The market is \"on a solid trend where we have the feeling geopolitics has become a bit less scary,\" said Renaud Murail of Barclays Bourse. Fresh data meanwhile \"confirms the US economy is improving,\" he said. The European single currency slid to $1.3116 from $1.3207 late on Wednesday. At the G20 summit, US President Barack Obama was expected to strive to bridge deep divisions over his push for military action against the Syrian regime over its alleged use of chemical weapons. The Syria crisis threatens to completely overshadow leaders\' efforts to promote a crucial economic agenda of stimulating growth and cracking down on tax avoidance. The effects of US monetary policy on emerging markets is also a top issue at the summit. Mid-session on Thursday, the European Central Bank as expected held its key rates unchanged in the belief that a nascent recovery in the crisis-stricken euro area remains extremely vulnerable to setbacks. \"I am very, very cautious about recovery. I can\'t share the enthusiasm,\" ECB president Mario Draghi told a news conference. This is in contrast to markets that have been sending bond rates higher in anticipation that central banks will be less accommodating as the economy improves, but Draghi tried to dampen these expectations. While the ECB upgraded its growth and inflation forecasts for the 17-country euro area this year, it trimmed them slightly for next year. Draghi said that the central bank saw the eurozone economy shrinking by 0.4 percent this year and then growing by 1.0 percent next year. The Bank of England meanwhile maintained its key lending rate at a record low 0.50 percent and said the amount of quantitative easing (QE) stimulus would remain at £375 billion ($586 billion, 444 billion euros). -- Telecom Italia jumps on stake-taking talk -- In company news, in Milan, where the FTSE Mib of leading shares gained 0.78 percent, Telecom Italia skyrocketed by 8.39 percent to 0.607 euros on rumours that global telecom players were circling to take a share in the company. In Paris, French automaker PSA Peugeot Citroen jumped 5.39 percent to 11.24 euros and Renault 5.81 percent to 56.50 euros after PSA chairman Philippe Varin said France\'s beleaguered auto market was on the mend. In German, BMW gained 6.03 percent to 76.97 euros on excellent sales figures in the US. US stocks also rose Thursday with the Dow Jones Industrial Average up 0.10 in midday trade, the broad-based S&P 500 adding 0.19 percent and the tech-rich Nasdaq climbing 0.24 percent. Just before the US open, the US Labor Department said initial claims for unemployment insurance came in 323,000, a decline of 9,000 from the prior week, a good sign for the jobs market. The report comes one day before the crucial monthly non-farm payroll and unemployment report. Asian stock markets mostly rose on Thursday, but gains were capped by profit-taking and lingering concerns over Syria. The dollar pushed back above 100 yen after the Bank of Japan left its monetary policy unchanged, and following the US Fed\'s bright outlook. The US unit rallied to 100.17 yen, which was the highest level since July 25 and compared with 99.73 yen late on Wednesday, but it later pulled back to 100.11 yen. And on the London Bullion Market, gold prices eased to $1,385 an ounce from $1,390. Sterling was dipped against the euro at 84.12 pence and the dollar at $1.5591. On the bond markets, Germany\'s 10-year borrowing rate nosed above two percent for the first time since March 2012, as anticipation grew that stimulus measures from key central banks will slow. The yield on German benchmark bonds rose to 2.042 percent on the secondary markets. In May, the rate was at an all time low of 1.15 percent.

arabstoday
arabstoday

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance

GMT 11:06 2017 Thursday ,12 October

Wall Street ends at fresh records; Spanish stocks gain

GMT 21:13 2017 Wednesday ,11 October

Bahrain Bourse daily trading report (update)
Arab Today, arab today
Arab Today, arab today

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 on rate calls us data Arab Today, arab today european stocks rise on rate calls us data

 



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 on rate calls us data Arab Today, arab today european stocks rise on rate calls us data

 



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 Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
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 'Final phase' of battle for Raqa

GMT 03:47 2017 Monday ,16 October

'Final phase' of battle for Raqa
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms
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 Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today Conservation cutbacks put Brazil's

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:20 2017 Thursday ,12 October

Chad extends key conservation area

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

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