Arab Today, arab today france\s stocks end year in euphoria
Last Updated : GMT 16:32:52
Arab Today, arab today
Arab Today, arab today

France\'s stocks end year in euphoria

Arab Today, arab today

Arab Today, arab today France\'s stocks end year in euphoria

Paris - XINHUA

French stocks closed year 2012 in a blaze of glory as fears over unresolved financial troubles eased over the European Central Bank\'s stimulus plan and eurozone leaders\' determination to prevent the explosion of the single-currency bloc. Trading for half session on Monday, Paris benchmark index CAC 40 closed in green at 3,641 points, up by 0.58 percent but with a tepid volume of 663 million euros (875 million U.S. dollars). Despite an anemic year tainted by scanty growth, weak industrial output and rampant unemployment rate, Paris stocks recorded a remarkable improvement \"as the market could be ahead of the macroeconomic data and therefore anticipate a recovery,\" according to Xavier Patrolin director of Albatross Capital. \"We expect markets growth in 2013 as eventual declines in profits of listed firms would be offset by a transfer of expectation next year,\" he said. As to its yearly performance, after a choppy first six months of 2012 during which concerns of fruitless official attempts to stem debt crisis and the threat of recession weakened transactions, investors become more confident after European Bank President \'s Mario Draghi ensured last July that \"the ECB is ready to do whatever is necessary within the framework of its mandate to protect the euro.\" Furthermore, earlier this month, European leaders agreed to create a single banking supervisor for the euro zone, hailed as landmark step towards a stable economic and monetary union. A positive note ahead the new year. \"The low point of the economic situation has undoubtedly been achieved because the situation in the eurozone seems stabilizing. Things are not better but also they are not worsening. Moreover, expected good indicators mainly in China would be favorable to a return of investors\' appetite for risks,\" Remi Le Bailly, financial analyst at Investir told Xinhua. \"Even if the companies\' financial results would be as the previous fiscal year, European stocks will surge,\" he added. At the closing bell of 2012\'s last trading session, the European index EuroStoxx gained 0.35 percent and went up by 13.8 percent for the whole year of 2012. To Philippe Waechter, chief economist at Natixis Asset Management, 2013 will be \"interesting \" as \"a large part of the risk aversion disappeared\" with investors expected to further focus on companies\' benefits and growth. According to Paris-based Organization for Economic Co-operation and Development (OECD), the global economy will accelerate by 3.4 percent next year down from a previous forecast of 4.2. However, Chinese strong economic data and news on a close agreement on U.S. \"fiscal cliff\" deal would offer investors the opportunity to start the New Year with an optimistic mood.

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 france\s stocks end year in euphoria Arab Today, arab today france\s stocks end year in euphoria

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead

GMT 05:34 2017 Tuesday ,21 February

7 firms to list on 2nd Saudi stock board

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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