Arab Today, arab today european stocks wobble on china jitters
Last Updated : GMT 12:31:20
Arab Today, arab today
Arab Today, arab today

European stocks wobble on China jitters

Arab Today, arab today

Arab Today, arab today European stocks wobble on China jitters

The region's equities had earlier rebounded
London - AFP

Europe's main stock markets wobbled on Wednesday in volatile trade as investors were rattled by ongoing Chinese economic jitters after slender losses in Shanghai.

The region's equities had earlier rebounded -- but turned mixed on the back of the falling Chinese market and sliding oil prices.

London's benchmark FTSE 100 index of top companies fell 0.11 percent to stand at 6,052.50 points nearing midday as the energy sector was hit by falling oil prices.

Frankfurt's DAX 30 added just 0.05 percent to 10,003 and the Paris CAC 40 climbed 0.10 percent to 4,546.10, having both swung in and out of negative territory.

The Madrid IBEX 35 meanwhile dropped 0.14 percent to 9,980.30 points.

"At the moment there's a vicious circle of volatility; the wild price swings have put investors on edge, causing them to act more rashly which leads to more violent prices moves," said CMC Markets analyst Jasper Lawler.

"The German DAX and French CAC swung from early gains to losses after apparent state-supported buying from brokers failed to help the Chinese benchmark Shanghai Composite close higher.

"It is another sign of fading confidence in the ability of Chinese authorities to contain the rout."

European stocks had tumbled on Tuesday as weak manufacturing data increased concerns about the flagging Chinese economy.

 

- Oil companies slide -

 

The energy sector was pressured Wednesday by falling world oil prices, which dent the profits of majors like BP, Royal Dutch Shell and Total.

In London, BP stock fell 1.32 percent to 344.80 pence, while Shell saw its "A" share price slide 1.28 percent to 1,617 pence.

And in Paris, shares in French titan Total dropped 1.04 percent to 39.99 euros.

Oil prices fell sharply further Wednesday as dealers digested weak US and Chinese manufacturing data, while expectations of a bearish US stockpiles report also weighed on the market.

In Asian stock markets on Wednesday, Shanghai and Hong Kong stocks sank in rocky trade as investors were gripped once again by ongoing fears over China's economic crisis.

The benchmark Shanghai Composite Index edged down 0.20 percent, having earlier slumped by as much as 4.66 percent.

He added that "the energy sector has... suffered on the back of renewed oil price weakness."

Hong Kong's benchmark Hang Seng Index fell 1.18 percent in similarly volatile trade.

Some investors had speculated that the government would not allow the market to fall sharply ahead of Thursday's commemoration of the 70th anniversary of victory over Japan and the end of World War II. Markets will be closed for two days for the holiday with trading resuming on Monday.

The government has already launched a rescue package to prop up the market, which includes funding state-backed China Securities Finance Corp. (CSF) to buy shares, but investors worry the government will reduce its intervention.

In foreign exchange deals in London on Wednesday, the euro rose to $1.1270 on the eve of a crucial interest rate decision from the European Central Bank.

On the London Bullion Market, gold declined to $1,139.51 per ounce from $1,142.30.

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
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*

Arab Today, arab today european stocks wobble on china jitters Arab Today, arab today european stocks wobble on china jitters

 



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 on china jitters Arab Today, arab today european stocks wobble on china jitters

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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