european stocks subdued awaiting ecb
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

European stocks subdued awaiting ECB

Arab Today, arab today

Arab Today, arab today European stocks subdued awaiting ECB

London - AFP

Europe\'s main stock markets diverged in subdued trade on Thursday as investors waited to see whether the European Central Bank would act to ease eurozone debt crisis strains. In morning deals, London\'s benchmark FTSE 100 index of top companies added 0.26 percent to 5,727.76 points and the Paris CAC 40 won 0.12 percent to 3,325.52, while Frankfurt\'s DAX 30 dropped 0.09 percent to 6,747.62 points. Madrid\'s IBEX 35 index slid 0.28 percent, but Milan\'s FTSE-MIB eked out a slender gain of 0.03 percent. The European single currency meanwhile firmed to $1.2270 from $1.2223 in New York late on Wednesday. Asian equities were also mixed in tentative trade Thursday ahead of a European Central Bank (ECB) meeting that investors hope will produce a fresh round of stimulus measures to support the euro. Wall Street grinded lower on Wednesday after the Federal Reserve kept its monetary policy unchanged -- a widely expected move that nevertheless disappointed those hoping for a sign of new economic stimulus. Instead, Fed policymakers reiterated their pledge to leave US interest rates close to zero until the end of 2014 and reaffirmed their readiness to act. \"European markets opened flat as traders await the ECB\'s policy meeting ... after the Fed defied expectations and held back from any further asset purchasing, causing US markets to sell off,\" said Spreadex analyst Matthew Nelson. \"The main focus of today\'s European session will of course be the ECB\'s policy meeting this afternoon.\" He added that traders were expecting that \"further stimulus measures will be introduced\" after ECB chief Mario Draghi pledged last week to do all that is necessary to save the euro. Stocks had jumped last week after ECB chief Draghi said one week ago that the bank was \"ready to do whatever it takes to preserve the euro. And believe me it will be enough\". The Bank of England will also announce its latest interest rate decision at 1100 GMT on Thursday, followed by the ECB call at 1145 GMT. \"Markets are now trading in narrow ranges, as everyone is looking up to Mario Draghi to see whether he is going to live up to the expectations he raised after by his last week\'s comments,\" added trader Anita Paluch at Gekko Global Markets. \"Lack of any concrete declarations of actions will be a huge disappointment,\" she warned. Draghi\'s comments set off a raft of similar promises from top eurozone leaders including German Chancellor Angela Merkel. In Asian deals on Thursday, Tokyo stocks rose 0.13 percent and Sydney added 0.16 percent. On the downside, Hong Kong shed 0.66 percent, Shanghai fell 0.57 percent and Seoul closed 0.56 percent lower. Stocks have boomed since Draghi\'s comments, with many dealers taking them as a nod to a fresh round of bond purchases to ease the pressure on troubled eurozone nations Spain and Italy. However, many analysts warn that there is still uncertainty on what precisely the ECB will do. \"There is great uncertainty surrounding today\'s meeting. Plenty of possible policy measures have been discussed in the market, and there is no clear consensus view,\" added Lloyds bank analysts in a note to clients. Spain\'s borrowing costs rose Thursday in a sale that raised a total 3.132 billion euros with the average yield on benchmark 10-year bonds at 6.647 percent compared to 6.430 percent in the last comparable auction on July 5. Ratings agency Standard & Poor\'s meanwhile lowered embattled eurozone member Cyprus\'s long-term rating to BB, pushing it into negative watch. Later on Thursday, investors will switch focus again to the United States, where payrolls data for July will be released, with investors hoping for a clearer guide as to the state of the world\'s top economy.

arabstoday
arabstoday

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

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
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 subdued awaiting ecb european stocks subdued awaiting ecb

 



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 subdued awaiting ecb european stocks subdued awaiting ecb

 



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 The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
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 Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
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 Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
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 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 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

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