Arab Today, arab today european stocks stumble at start of week
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

European stocks stumble at start of week

Arab Today, arab today

Arab Today, arab today European stocks stumble at start of week

London - AFP

Europe\'s main stock markets slid on Monday, dragged down by a soft opening on Wall Street and data showing that Japan\'s economy is slowing down. London\'s benchmark FTSE 100 index of top companies gave up 0.26 percent to 5,831.88 points, while in Paris the CAC 40 slid 0.27 percent to 3,426.41 points and in Frankfurt the DAX 30 dropped 0.50 percent to 6,909.68 points. Milan ended down 0.11 percent while Madrid bucked the trend to gain 0.31 percent. In foreign exchange deals, the European single currency advanced to $1.2340 from $1.2291 in New York late Friday. Official data showing that Japanese economic growth slowed to just 0.3 percent in the second quarter set a gloomy tone to European trading, but many markets later showed modest gains after a successful 8.0-billion-euro Italian government bond auction. \"Markets appear to be suffering a post-Olympic hangover as the feel-good factor ... gives way to the economic realities of the global economy,\" said CMC Markets analyst Michael Hewson. \"The lull is expected to be short lived, in a week fairly full of some important economic data from both sides of the Atlantic.\" The EU, France and Germany release second quarter growth figures on Tuesday. The bounce from the successful Italian bond auction faded as Wall Street opened in the red. In midday trading the blue-chip Dow Jones Industrial Average was down 0.59 percent to 13,130.65 points. The broader S&P 500-stock index lost 0.44 percent to 1,399.74 points, while the tech-rich Nasdaq fell 0.48 percent to 3,006.40 points. \"Japan gets less attention these days but is still the world\'s third-largest economy,\" noted Dick Green of Briefing.com. Asian stock markets were mostly lower on the Japanese data and as dealers awaited fresh stimulus drives by the central banks of the United States, Europe and China. Hong Kong dropped 0.27 percent, Shanghai shed 1.51 percent and Tokyo edged down 0.07 percent. The Japanese government said that April-June GDP grew 0.3 percent from the previous quarter, sharply weaker than market expectations of a 0.7 percent increase. It also marked a sharp contrast from a brisk 1.3 percent increase in the January-March period. \"There are ongoing concerns about slowing global growth as Japan\'s second-quarter (growth) came in below expectations,\" said GFT Markets analyst Fawad Razaqzada. \"Most investors remain convinced that central banks will respond to any economic slowdown by intervening further.\" Last week, global stockmarkets enjoyed broad gains on expectations the European Central Bank would restart its bond-buying scheme to support under-pressure economies such as those in Spain and Italy. There were also hopes the US Federal Reserve would unveil fresh stimulus measures while another batch of poor trade figures from China on Friday increased the likelihood Beijing would also intervene to kickstart growth.

arabstoday
arabstoday

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 stumble at start of week Arab Today, arab today european stocks stumble at start of week

 



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 stumble at start of week Arab Today, arab today european stocks stumble at start of week

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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