european stocks slide on france downgrade warning
Last Updated : GMT 13:14:30
Arab Today, arab today
Arab Today, arab today

European stocks slide on France downgrade warning

Arab Today, arab today

Arab Today, arab today European stocks slide on France downgrade warning

London - AFP

European stocks tumbled and the euro slid against the dollar Tuesday after Moody\'s warned that its credit rating for France could be put on negative outlook, reigniting eurozone debt fears. Shares were also hit by weaker-than-expected Chinese growth data, news which weighed heavily on Asia-Pacific shares, while investors were nervous before the release of earnings news from Goldman Sachs and Bank of America. London\'s FTSE 100 index of leading shares dropped 1.31 percent to 5,365.47 points in morning trade, as investors also reacted to a spike in British inflation. Frankfurt\'s DAX 30 shed 1.0 percent to 5,800.58 points and in Paris the CAC 40 decreased 1.78 percent to 3,109.67 points. \"It is Moody\'s putting France\'s prized triple A credit rating on negative watch that is getting the bears out in force today,\" said Capital Spreads analyst Simon Denham. The euro slipped to $1.3721 from $1.3734 late in New York on Monday, also on fading hopes that EU leaders will unveil firm plans to resolve the eurozone debt crisis when meeting at a summit this weekend. \"The temporary rebound in riskier currencies and the euro over the past month appears to be losing momentum as investor hopes that heightened eurozone sovereign debt tensions will soon be brought to end supporting global growth are beginning to fade,\" said Lee Hardman, currency economist at The Bank of Tokyo-Mitsubishi UFJ. \"There is little doubt that expectations that EU leaders will unveil a successful plan to stem the eurozone sovereign debt crisis heading into this weekend\'s crucial EU Summit are high leaving plenty of scope for disappointment. \"The German government has already begun to try to downplay such hopeful expectations heading into this weekend\'s meeting,\" Hardman added. Moody\'s on Monday warned that it may place a negative outlook on its cherished Aaa credit rating in the coming months as the government\'s financial strength \"has weakened.\" The annual credit report is a shot across the bow for the second largest economy in the eurozone, which currently enjoys the top credit rating from Moody\'s and rival ratings agencies. Market sentiment was further hit on Tuesday with China announcing that its economic growth slowed to 9.1 percent in the third quarter as government efforts to tame inflation and turbulence in Europe and the US curbed activity. Growth in the world\'s second-largest economy slowed from 9.5 percent in the second quarter to its lowest rate in two years, the National Bureau of Statistics (NBS) said. Asia-Pacific markets closed sharply lower on the news, with Hong Kong diving 4.23 percent, Shanghai losing 2.33 percent, Tokyo shedding 1.55 percent and Sydney slumping 2.07 percent. US equities sank on Monday after a weekend meeting of G20 finance chiefs failed to boost confidence that a solution to the eurozone debt crisis was near. The Dow Jones Industrial Average closed down 2.13 percent, the broader S&P 500 lost 1.94 percent and the tech-heavy Nasdaq Composite slid 1.98 percent.  

arabstoday
arabstoday

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings
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*

european stocks slide on france downgrade warning european stocks slide on france downgrade warning

 



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*

european stocks slide on france downgrade warning european stocks slide on france downgrade warning

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Online exhibit shows hidden depths of

GMT 11:45 2017 Thursday ,23 November

Online exhibit shows hidden depths of
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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