Arab Today, arab today european stocks stumble at start of week
Last Updated : GMT 19:31:25
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.

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
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
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 Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
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 Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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