european stocks stable after moody\s downgrades
Last Updated : GMT 15:53:29
Arab Today, arab today
Arab Today, arab today

European stocks stable after Moody\'s downgrades

Arab Today, arab today

Arab Today, arab today European stocks stable after Moody\'s downgrades

London - AFP

European stocks steadied Tuesday but sentiment remained fragile after Moody\'s cut ratings on six European nations overnight and placed three others, including France and Britain, on negative outlook due to the eurozone crisis. London\'s FTSE 100 rose 0.10 percent to 5,911.52 points in late morning trade, clawing back earlier losses. Frankfurt\'s DAX 30 added 0.36 percent to 6,762.55 points and the Paris CAC 40 firmed 0.20 percent to 3,391.28 points. In foreign exchange deals, the European single currency firmed to $1.3194 from $1.3191 late on Monday in New York. European shares had rallied on Monday after Greek lawmakers approved disputed austerity measures that mark a key step to obtaining crucial European Union and International Monetary Fund aid for the debt-laden eurozone member. \"Just as fears subsided on Monday, following the news on satisfactory austerity measures ratified by Greek parliament, another round of Moody\'s downgrades and outlook warnings for some of the EU countries took the wind out of the equities\' sails,\" said trader Anita Paluch at Gekko Global Markets. \"This does not, however, come as a total surprise, as Moody\'s merely follows similar moves done already by S&P and Fitch last month. \"But Greece still remains in the background since the bailout still needs the EU approval and Germany and other nations are not entirely convinced the country could carry out all necessary actions as demanded by the creditors.\" Overnight, Moody\'s chopped the debt ratings of Italy, Spain and Portugal and put top \'Aaa\'-rated France, Britain and Austria on warning, arguing that they were increasingly vulnerable to the long-running eurozone crisis. Austria, France and Britain were all put on negative outlooks -- a warning that if conditions worsen they could be hit with full downgrades. \"Moody\'s rating downgrades and negative outlooks for the UK and eurozone will likely dominate market sentiment first thing,\" said VTB Capital economist Neil MacKinnon. \"There are still plenty of uncertainties surrounding an early resolution of the Greek crisis too.\" Asian markets were mostly lower on Tuesday after Moody\'s action. The move came after Greek lawmakers pushed a package of austerity cuts late Sunday, with Premier Lucas Papademos saying the measures were \"the country\'s only hope\" to avoid economic meltdown and secure another bailout. European finance ministers will meet Wednesday in Brussels to sign off on the Greek deal necessary for a Europe-sponsored rescue package, followed by an offer to private sector holders to write-down by about a half their holdings of Greek government bonds. \"Moody\'s adjustment of sovereign debt ratings really took the shine off the positivity seen in the markets yesterday amid the news from Greece,\" said broker Owen Ireland at Valbury Capital. \"Almost all indices across the Asia pacific region were in the red and this negativity may well be seen in markets across the globe today.\" In Asian markets, Shanghai shed 0.30 percent, Seoul ended down 0.15 percent and Sydney closed 0.99 percent lower. However, Tokyo clawed back early losses to close up 0.59 percent after the Bank of Japan said it was easing monetary policy by pumping an extra 10 trillion yen ($130 billion) into an asset purchase programme, aimed at battling the deflation that has wracked Japan\'s economy for years.  

arabstoday
arabstoday

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

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance
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 stable after moody\s downgrades european stocks stable after moody\s downgrades

 



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 stable after moody\s downgrades european stocks stable after moody\s downgrades

 



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 Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
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 May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
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 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

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 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

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