Arab Today, arab today european stocks surge on fed stimulus action
Last Updated : GMT 08:17:24
Arab Today, arab today
Arab Today, arab today

European stocks surge on Fed stimulus action

Arab Today, arab today

Arab Today, arab today European stocks surge on Fed stimulus action

London - AFP

European stock markets surged higher on Friday after the US Federal Reserve unveiled fresh plans to stimulate the economy, boosting especially the share prices of miners. London\'s benchmark FTSE 100 index jumped 1.53 percent to 5,909.02 points in late morning deals, Frankfurt\'s DAX 30 won 1.49 percent to 7,418.97 points and in Paris the CAC 40 soared 1.96 percent to stand at 3,570.57 points. The Madrid market rocketed 2.70 percent and Milan 2.20 percent. \"European equity markets are trading sharply higher... feeding off strong US and Asian markets overnight as the Fed has finally provided the markets with another round of quantitative easing,\" said ETX Capital trader Markus Huber. David Jones, chief market strategist at IG Index trading group added: \"All of this has raised hopes of providing a shot in the arm for the global economy, and mining stocks are the biggest winners so far on the expectation of greater demand for commodities.\" In foreign exchange deals, the euro rose to $1.3028 from $1.2986 late in New York on Thursday, when the European single currency climbed above $1.30 for the first time for four months. Analysts said the unit was being hit by the prospect of higher US inflation caused by the added stimulus, and by receding worries over the eurozone debt crisis. \"The easing of eurozone sovereign debt tensions which were helping to unwind safe haven demand for the US dollar has provided the Fed with an opportune time to drive down the value of the US dollar through restarting the printing presses,\" said Lee Hardman, currency expert at The Bank of Tokyo-Mitsubishi UFJ in London. The Fed said it would unleash a huge open-ended bond-buying programme aimed at jumpstarting growth and boosting jobs in the world\'s largest economy. After a two-day meeting, the policy committee of the central bank said it would start a third programme to purchase $40 billion a month in mortgage-backed bonds, known as quantitative easing (QE3). The effect should spill through to the broader economy, pushing up the prices of homes, stocks, and other assets that, the Fed hopes, will make Americans feel more financially comfortable and begin spending. Elsewhere on Friday, shares in European aerospace group EADS were volatile amid scepticism about a proposal for the firm to marry with British defence group BAE Systems. BAE shares have made a firm gain overall since the marriage talks emerged. Shares in the European Aeronautic Defence and Space Company, which controls the maker of Airbus airliners, had fallen by nearly 6.0 percent on Wednesday and by slightly more than 10.0 percent on Thursday as the marriage proposal emerged. On Friday the stock opened with a rebound, then fell, then recovered part of its losses since the morning session began. By late morning, EADS shares were showing a gain of 1.47 percent to 25.52 euros. In London, the price of shares in BAE Systems was showing a gain of 3.94 percent to 350.39 pence. In Paris, one stock analyst who declined to be named, said in a comment on the fall of EADS shares: \"The rebound today is merely technical. The market is still sceptical about the project with BAE which would be very delicate to set up.\"

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 surge on fed stimulus action Arab Today, arab today european stocks surge on fed stimulus action

 



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 surge on fed stimulus action Arab Today, arab today european stocks surge on fed stimulus action

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
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 Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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