Arab Today, arab today ftse shares hit 5month low
Last Updated : GMT 20:18:41
Arab Today, arab today
Arab Today, arab today

FTSE shares hit 5-month low

Arab Today, arab today

Arab Today, arab today FTSE shares hit 5-month low

London - Kuna

London shares were at a five-month low Wednesday as further cracks in the US economy and Europe\'s escalating debt crisis rattled investors.The FTSE 100 Index fell more than 1% on fears that vast spending cuts passed under this week\'s US debt deal could shake the already fragile US economy into another recession.Outside the US, worries over the eurozone persist as Spanish and Italian bond yields surged, reflecting a lack of confidence in the country\'s finances, analysts said.The global uncertainty triggered a retreat to defensive stocks and safe-haven investments - including gold, which hit another record high.President Barack Obama yesterday warned his nation was suffering a \"Washington-inflicted wound\" after the Senate approved a deal which includes 2.4 trillion US dollars (1.5 trillion) of spending cuts in the next decade.Elsewhere, concerns have been raised over the security of the US\'s AAA credit rating, which is facing the prospect of a downgrade, and weak consumer spending data added to the bleak American picture, the analysts added.The uncertainty boosted gold prices - considered a secure investment - to a record high of 1,674 US dollars an ounce, before they settled at around 1,666 US dollars.But the UK and the pound have also emerged as a so-called safe-haven - territory normally reserved for the US dollar.The yield on 10-year gilts, the benchmark UK government bond, fell to a record low of 2.76% and sterling strengthened against both the dollar and a basket of currencies - signaling confidence in the UK\'s financial position compared with other nations.The Treasury seized on the figures and took the opportunity to laud its deficit-busting austerity measures and hail the UK as a safe haven during recent \"international storms\" Banks and the heavily weighted mining sector all fell on the FTSE 100 as investors\' fears over the global economic recovery heightened.

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 ftse shares hit 5month low Arab Today, arab today ftse shares hit 5month low

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
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 Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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