Arab Today, arab today european stocks wobble in holiday trade
Last Updated : GMT 06:05:43
Arab Today, arab today
Arab Today, arab today

European stocks wobble in holiday trade

Arab Today, arab today

Arab Today, arab today European stocks wobble in holiday trade

European stocks
London - AFP

Europe's stock markets diverged Thursday in light holiday trade, with sentiment dampened by uninspiring US data and ongoing concerns over Greece, dealers said.

Trading was subdued in Europe owing to a public holiday in Germany and France, but the markets remained open.

"Many market participants in Europe enjoy the bank holiday break while those that remain are seeing fewer market catalysts," said analyst Craig Erlam at trading firm Oanda.

"There has been no notable economic data... and no reported developments in Greece" causing dealers to cash in recent profits.

In midday deals, London's benchmark FTSE 100 index of leading companies nudged 0.09 percent lower to 6,943.10 points.

In Paris, the CAC 40 index added just 0.03 percent to 4,963.50 points and Frankfurt's DAX 30 rose 0.12 percent to 11,365 compared with Wednesday's close.

The euro meanwhile rallied to a three-month peak at $1.1435, up from $1.1354 late in New York on Wednesday, extending gains on bright eurozone economic growth data. The greenback was also dogged by disappointing US economic numbers.

"European markets continue to be under pressure," said Andy McLevey, head of dealing at online broker Interactive Investor.

"Investors are treading with caution following poor US retail sales figures yesterday as risk appetite and enthusiasm is further dampened by ongoing concerns over Greece."

European equities traded mixed on Wednesday, despite news of solid first quarter economic growth in the eurozone -- with France outpacing powerhouse Germany -- and encouraging company results.

Wall Street had finished little changed in choppy trade overnight after a lacklustre US retail sales report and disappointing earnings from Macy's.

And on Thursday, Asian equities mostly retreated following the set of below-forecast US data.

Tokyo's Nikkei index was the biggest loser of Asia's major markets Thursday as the yen climbed against the dollar.

Tokyo sank 0.98 percent and Sydney eased 0.33 percent,  while Seoul added 0.29 percent, Hong Kong climbed 0.14 percent and Shanghai was slightly higher.

US traders were left disappointed Wednesday after the Commerce Department said retail sales, a key part of consumer spending that drives most of the US economy, stagnated in April after rising 1.1 percent in March.

The average consensus estimate had been for a 0.2 percent increase.

Year-on-year, retail sales rose 0.9 percent, the weakest growth since 2009.

The news adds to unease about the world's biggest economy, which grew slower than expected in the first quarter, and makes a Federal Reserve interest rate rise unlikely in the early summer, reversing expectations from the start of the year.

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 wobble in holiday trade Arab Today, arab today european stocks wobble in holiday trade

 



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 wobble in holiday trade Arab Today, arab today european stocks wobble in holiday trade

 



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