europes top stock markets shrug off greek plunge
Last Updated : GMT 06:23:15
Arab Today, arab today
Arab Today, arab today

Europe's top stock markets shrug off Greek plunge

Arab Today, arab today

Arab Today, arab today Europe's top stock markets shrug off Greek plunge

Europe's main stock markets
London - AFP

Europe's main stock markets rose on Monday, appearing to shrug off a plunge in Athens as Greek trading resumed after a five-week shutdown.

London's benchmark FTSE 100 index edged up a slight 0.03 percent to stand at 6,698.15 points in afternoon deals, while its heavyweight oil and mining sectors were hit by more disappointing Chinese data, traders said.

Frankfurt's DAX 30 climbed 1.24 percent to 11,449.63 points and in Paris the CAC 40 gained 0.70 percent to 5,118.20 points compared with Friday's close.

In foreign exchange, the euro eased to $1.0957 from $1.0984 late in New York on Friday.

Greece's stock exchange reopened Monday with a drop of more than 22 percent after a five-week shutdown imposed by the country's debt crisis and capital controls.

In later afternoon deals, the ATHEX index stood down 15.74 percent at 671.98 points compared with its June 26 close.

"The fear had been that after five weeks of forced closure, carnage on the reopen was likely, and that fear appears to have been confirmed," said Rebecca O'Keeffe, head of investment at stockbroker Interactive Investor.

"There are also increasing concerns that the Athens authorities are ill-prepared for such extreme moves in share prices."
The country's main banks took a heavy blow at the opening with drops of around 30 percent.

In London, shares in HSBC were up 0.26 percent to 581.20 pence after the British banking giant announced the sale of its Brazil business. HSBC also posted a drop in quarterly net profits.

More data showing softness in the Chinese economy hit mining stocks.

Glencore led the losers' board, shedding 3.61 percent to 200.50 pence, followed closely behind by peer Anglo American -- down 3.85 percent at 780 pence.

"Greece and China are back at the top of the news agenda, with the latter hitting UK mining stocks hard," said Chris Beauchamp, senior market analyst at IG trading group.

"Having seen a modest bounce last week the mining sector has taken a distinct turn for the worse today, with big names under heavy pressure," he added.

Elsewhere, Nokia shares were down 0.23 percent at 6.42 euros in Helsinki afternoon trading after the Finnish telecoms company said it was selling its mapping service HERE to German car makers BMW, Audi and Daimler for 2.8 billion euros ($3.0 billion).
Asian stock markets mostly fell Monday following the disappointing Chinese manufacturing figures and a drop on Wall Street on Friday.

The survey of Chinese manufacturing activity showed a decline to a two-year low in July, suggesting the world's second largest economy faces challenges in the third quarter.

On Monday Wall Street stocks opened little changed as a heavy week of US economic reports and earnings kicked off with data showing a slight rise in consumer spending in June.

Five minutes into trade, the Dow Jones Industrial Average was down 0.05 percent at 17,681.21 points.

The broad-based S&P 500 added 0.01 percent to stand at 2,104.14, while the tech-rich Nasdaq Composite Index gained 0.13 percent to 5,135.11.

 

arabstoday
arabstoday

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance
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*

europes top stock markets shrug off greek plunge europes top stock markets shrug off greek plunge

 



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*

europes top stock markets shrug off greek plunge europes top stock markets shrug off greek plunge

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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