Arab Today, arab today european stocks win lift from german data
Last Updated : GMT 05:10:45
Arab Today, arab today
Arab Today, arab today

European stocks win lift from German data

Arab Today, arab today

Arab Today, arab today European stocks win lift from German data

Europe's leading stock markets
London -AFP

Europe's leading stock markets rose Tuesday, winning a boost from German data and expectations of ECB stimulus, as investors await also key elections in Greece.
London's FTSE 100 index added 0.59 percent to 6,624.49 points nearing midday in the British capital, as investors looked ahead to a meeting of the European Central Bank (ECB) due Thursday.
Frankfurt's DAX 30 climbed 0.12 percent to 10,254.61 points and the CAC 40 in Paris rallied 0.91 percent in value to 4,435.10 compared with Monday's close.
The euro retreated to $1.1599 from $1.1606 late in New York on Monday and after a minor rally the previous day as traders also nervously awaited a close weekend election in Greece, where an anti-austerity party is leading the polls.
Asian markets mostly rose Tuesday after China released data showing its economy grew a little faster than expected, while speculation swirled that the ECB would embark on a huge stimulus programme.
- German boost -
Investment sentiment in Germany rose for the third month in a row in January, shrugging off the market turmoil sparked by the Greek political crisis and the Swiss franc shock, a survey found on Tuesday.
The widely watched investor confidence index calculated by the ZEW economic institute jumped 13.5 points to 48.4 points in January, its highest level in 11 months.
"January’s rise in ZEW investor sentiment suggests that confidence in the German economy is holding up well despite fears for Greece," said Jennifer McKeown, senior European economist at consultants Capital Economics.
"Presumably any worries about the effect of the Greek crisis on the German economy were offset by expectations of ECB quantitative easing and hopes of a boost to exports from the weakening euro," she added.
Stock indices have risen since late last week on fresh signals that the ECB will launch a bond-buying stimulus programme this week, news that has weighed heavily on the euro.
The chronically low level of inflation across the single currency bloc has fuelled concern the region could slip into deflation -- a sustained and widespread drop in prices.
While falling prices may sound good for consumers, deflation can trigger a vicious spiral in which businesses and households delay purchases, throttling demand and causing companies to lay off workers.
Such concerns have fuelled speculation that the ECB could launch a programme of sovereign bond purchases known as quantitative easing or QE when it holds its first policy meeting of the year on Thursday.
- Greek debt -
In Greece meanwhile, the country will never recover without a generous debt cut, the politician likely to become the next finance minister said Tuesday.
"To promote reforms one must settle the debt issue," Giannis Dragasakis, the senior economist at anti-austerity party Syriza who are favourites to win Sunday's general election, told AFP in an interview.
Syriza, who have a steady lead of around three points in pre-election polls, are trying to strike a delicate balance between fiscal diligence and debt forgiveness.
The left-wing party's plan to renegotiate Greece's multi-billion bailout with the European Union and the International Monetary Fund is already raising hackles among the country's creditors.
IMF chief Christine Lagarde on Monday warned of "consequences" if European countries try to renegotiate their debts.
The International Monetary Fund on Tuesday sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe.
The IMF said poorer prospects in China, Russia, the euro area and Japan will hold world GDP growth to just 3.5 percent this year and 3.7 percent in 2016.

 

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 win lift from german data Arab Today, arab today european stocks win lift from german data

 



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 win lift from german data Arab Today, arab today european stocks win lift from german data

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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