Arab Today, arab today ftse shares hit 5month low
Last Updated : GMT 12:48:35
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.

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

 



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

 



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 Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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