Arab Today, arab today european stocks up euro jumps on italy bond auction
Last Updated : GMT 06:43:36
Arab Today, arab today
Arab Today, arab today

European stocks up, euro jumps on Italy bond auction

Arab Today, arab today

Arab Today, arab today European stocks up, euro jumps on Italy bond auction

London - AFP

Europe\'s main stock markets rose on Thursday and the euro rallied above $1.31, as traders seized on news of a successful Italy bond auction and following another record performance on Wall Street. Traders will focus later on weekly US jobless claims for fresh clues on the health of the world\'s biggest economy. Nearing midday, London\'s FTSE 100 index of top companies increased 0.28 percent to 6,405.52 points, Frankfurt\'s DAX 30 added 0.46 percent to 7,846.62 points and in Paris the CAC 40 won 0.50 percent to 3,716.70. Milan\'s FTSE Mib index meanwhile advanced 0.47 percent to 16,003.65 points. In foreign exchange deals, the European single currency spiked as high as $1.3134 -- which was the highest point since March 8. It later stood at $1.3128, up from $1.3080 in New York late on Wednesday. Italy\'s borrowing costs dipped in a bond auction that raised 7.17 billion euros ($9.38 billion) but fell just short of the maximum target amount, amid ongoing deadlock over a new government. The Treasury sold 4.0 billion euros in three-year bonds, with the rate falling to 2.29 percent from 2.48 percent in a similar sale on March 13. It also raised 1.67 billion euros in 15-year bonds -- below its maximum target amount of 2.0 billion euros -- with the borrowing rate at 4.68 percent against 4.9 percent in the auction last month. \"Sentiment improved in European markets after Italy, a country gripped with a myriad of political, economic and social uncertainties, managed to sell bonds close to the top of its target range,\" said ETX Capital trader Ishaq Siddiqi. \"Demand was respectable, the auction went smoothly and though yields were slightly higher, investors have welcomed this robust appetite for Italian government paper.\" He added: \"It could be said investors are not pricing in the full effect of the political impasse in the country but continue to demonstrate their faith in policymakers and backstops such as the European Central Bank\'s bond buying programme.\" Elsewhere on Thursday, gold prices eased to $1,575 per ounce on the London Bullion Market, from $1,577.25 late on Wednesday. Back in London, British high street retailer Marks & Spencer saw its share price rally to the top of the FTSE 100 following upbeat earnings news. Shares jumped 3.20 percent to 396.1 pence nearing midday in London. M&S announced that sales rose in the fourth quarter of its financial year, despite challenging conditions on the high street. Group sales increased 3.1 percent in the 13 weeks to March 30, compared with the equivalent period of the company\'s previous fiscal year. M&S added that British like-for-like sales, stripping out the impact of new floor space, climbed 0.6 percent in the same period. General merchandise sales sank 3.8 percent but food sales grew by 4.0 percent. Earlier in Asia, markets mostly rose further after impressive US gains, while Tokyo hit fresh multi-year highs as the dollar approached the 100 yen mark. While buying sentiment remains positive, dealers are keeping an eye on the stand-off on the Korean peninsula as the North, expected to fire a missile within the next few days, ratchets up its bellicose rhetoric. Tokyo rose 1.96 percent, while Seoul added 0.73 percent and Sydney was 0.79 percent higher. Hong Kong stocks advanced 0.30 percent, but Shanghai eased 0.30 percent lower to 2,219.55 points.

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 up euro jumps on italy bond auction Arab Today, arab today european stocks up euro jumps on italy bond auction

 



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 up euro jumps on italy bond auction Arab Today, arab today european stocks up euro jumps on italy bond auction

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
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 Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
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 EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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