Arab Today, arab today germanys zew survey lifts european stocks euro
Last Updated : GMT 17:29:52
Arab Today, arab today
Arab Today, arab today

Germany's ZEW survey lifts European stocks, euro

Arab Today, arab today

Arab Today, arab today Germany's ZEW survey lifts European stocks, euro

European stock markets
London - AFP

News of rebounding German investor sentiment sent European stock markets and the euro racing higher Tuesday.
London's benchmark FTSE 100 index of leading shares rose 0.45 percent compared with Monday's close to stand at 6,702.23 points in afternoon trading.
Frankfurt's DAX 30 motored 1.37 percent higher to 9,434.03 points and the CAC 40 in Paris won 0.80 percent to 4,260.09.
The European single currency increased to $1.2530 from $1.2448 late in New York on Monday.
Investment sentiment in Germany rebounded in November, a survey showed Tuesday, adding to signs that Europe's biggest economy is stabilising in another piece of positive news for the eurozone.
- German optimism grows -
After hitting a 22-month low in October, the widely watched investor confidence index calculated by the ZEW economic institute was back in positive territory in November, jumping to 11.5 points from minus 3.6 points the previous month, ZEW said in a statement.
"The latest ZEW economic surveys showed analysts and institutional investors are more optimistic about conditions in the eurozone's largest economy than they've been since July -- and far more so than the markets had expected," said Alpari analyst Craig Erlam.
The ZEW barometer increased for the first time so far this year, soothing investor concerns over the German economy, which narrowly avoided a recession in the third quarter.
Europe's equity markets had bounced into modest gains on Monday after European Central Bank chief Mario Draghi hinted at more steps to tackle the threat of deflation.
"Stocks remain underpinned by comments from Draghi ... that an expanded asset purchase programme could include government bonds," added Atif Latif, head of trading at Guardian Stockbrokers.
In Frankfurt, German pharmaceuticals maker Merck KGaA saw its share price gain 1.6 percent to 77.92 euros.
The stock had jumped almost 4.0 percent on Monday after Merck bought US speciality chemicals firm Sigma-Aldrich for 13.1 billion euros ($17 billion).
In London, energy explorer Tullow Oil was the biggest gainer following positive broker comment. Tullow shares jumped 2.9 percent to 472.20 pence.
Back in the foreign exchange market, the British pound hit a one-month low against the euro on news that 12-month inflation rose to 1.3 percent in October from 1.2 percent in September. Expectations had been for no change.
The euro rose to 80.02 British pence from 79.61 late on Monday. The pound meanwhile firmed to $1.5655, up from $1.5637 on Monday.
- Yen under pressure -
The yen remained under pressure following Monday's news that the Japanese economy has slumped into recession, with Prime Minister Shinzo Abe saying Tuesday he was calling a snap election and delaying an expected sales tax rise.
The euro surged as high as 146.70 yen, the highest level since October 2008.
And the dollar rose as high 116.94 yen, which was not far from the October 2007 peak of 117.05 yen that was hit Monday, but then pulled back to 116.47.
On the London Bullion Market, the price of gold rose to $1,202 an ounce from $1,182.50 late on Monday.
Asian equities traded mixed on Tuesday, with Tokyo leading gainers on bargain-buying after the previous day's sell-off, while Wall Street provided some support with another record close.
Tokyo -- which lost almost three percent Monday on news that Japan's economy was in recession -- rebounded by 2.18 percent.
Hong Kong and Shanghai extended their previous day's losses, despite a new trading link-up between the two exchanges. Hong Kong stocks lost 1.13 percent and Shanghai shed 0.71 percent.
Wall Street opened slightly higher on Tuesday, a day after huge takeovers in the oil and pharmaceutical sectors helped lift the S&P 500 to a new record.
Five minutes into trade, the Dow Jones Industrial Average stood at 17,654.05, up 0.04 percent.
The broad-based S&P 500 added 0.12 percent to 2,043.86, while the tech-rich Nasdaq Composite Index gained 0.20 percent to 4,680.30.

 

arabstoday
arabstoday

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance

GMT 11:06 2017 Thursday ,12 October

Wall Street ends at fresh records; Spanish stocks gain

GMT 21:13 2017 Wednesday ,11 October

Bahrain Bourse daily trading report (update)
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 germanys zew survey lifts european stocks euro Arab Today, arab today germanys zew survey lifts european stocks euro

 



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 germanys zew survey lifts european stocks euro Arab Today, arab today germanys zew survey lifts european stocks euro

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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