Arab Today, arab today european stocks rise with eyes on italy
Last Updated : GMT 17:33:32
Arab Today, arab today
Arab Today, arab today

European stocks rise with eyes on Italy

Arab Today, arab today

Arab Today, arab today European stocks rise with eyes on Italy

London - AFP

European stocks markets advanced on Monday, building on a recent recovery, while investors were increasingly warming to indebted eurozone member Italy. In foreign exchange trading, the British pound struck the highest point against the dollar for more than four years. London's benchmark FTSE 100 stocks index gained 0.84 percent to 6,719.70 points in late morning deals. Frankfurt's DAX 30 rose 0.13 percent to 9,674.70 points and in Paris the CAC 40 edged up 0.02 percent to 4,340.87. Milan's FSTE Mib index gained 0.10 percent to 20,456 points and Madrid's IBEX 35 edged up 0.08 percent to 10,141.10. "Having got off to a horrible start in the first two weeks of 2014, European equity markets last week posted their second successive weekly rise as concerns about economic growth and an emerging markets slowdown slipped into the background," said Michael Hewson, chief market analyst at CMC Markets UK. "Rather perversely the rebound in optimism has been most noticeable in the two weaker economies in Europe, in the form of France and Italy, where we’ve seen the CAC 40 retest the high this year and Italy which has seen the FTSE Mib hit its highest levels since 2011, while Italian 10 year bond yields hit their lowest levels since 2006." Italy's borrowing costs dropped to an eight-year low on Monday, after rating agency's Moody's raised outlook and as the country awaited a new, reform-driven government. In mid-morning trading, the yield or interest rate indicated by trading in existing benchmark 10-year debt bonds fell to 3.651 percent from 3.687 percent late on Friday. On currency markets, the pound stood at $1.6740, down from $1.6822 in Asian trading hours, which was the highest level since November 2009. The euro though gained to 81.86 pence from 81.76 pence on Friday. The single currency rose to $1.3704 from $1.3695. The British currency's march higher "may provide something of an issue for the Bank of England as the strong pound will certainly challenge the export industry", said Brenda Kelly, chief market strategist at traders IG. "Despite (Bank of England) assurances that no interest rate hikes will take place until business investment and wage growth picks up, traders appear to be banking on monetary tightening sooner rather than later." The price of gold was higher at $1,324.80 an ounce compared with $1,320 late in New York on Friday. Earlier Monday on the London Bullion Market, the precious metal reached a near four-month high at $1,329.72 an ounce. Asian stock markets rose on Monday following robust pre-weekend gains on Wall Street, despite disappointing Japanese growth figures which dampened hopes for a strong recovery. Global markets rallied last week following a turbulent period, as investors were reassured that the US economy could handle the Federal Reserve's decision to reduce its stimulus programme. US markets were shut on Monday for Presidents' Day.

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 with eyes on italy Arab Today, arab today european stocks rise with eyes on italy

 



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 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

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
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
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 London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

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