global stocks bounce back
Last Updated : GMT 04:55:31
Arab Today, arab today
Arab Today, arab today

Global stocks bounce back

Arab Today, arab today

Arab Today, arab today Global stocks bounce back

London - AFP

Global stocks recouped losses Tuesday as investors bought up beaten-down stocks but with Europe\'s debt crisis still brewing and the US yet to sanction an increase in its debt ceiling, investors remain wary of pushing the gains too far. After a hammering Monday that saw bank shares lead a global rout and investors flee to gold and other safe haven assets, markets staged a comeback yesterday. Oil prices and the euro jumped too. However, the factors that contributed to the previous day\'s slump remain unchanged, including concern that Europe\'s debt crisis could swallow Italy and Spain and that the US won\'t raise its debt ceiling in time to avoid a default. Analysts warned that these will remain the predominant concern of investors. \"In spite of a positive opening call for European equities, we would advise caution,\" said Neil MacKinnon, global macro strategist at VTB Capital. In Europe, the FTSE 100 index of leading British shares was up 0.6 per cent at 5,784 while Germany\'s DAX rose 1.5 per cent to 7,216. The CAC-40 in France was 1.4 per cent higher at 3,701. Wall Street was also poised to rally at the open Dow futures were up 0.6 per cent at 12,401 while the broader Standard & Poor\'s 500 futures rose 0.7 per cent to 1,310. The main point of interest this week will likely be tomorrow\'s meeting of European Union leaders in Brussels. They are due to discuss a second bailout package for Greece, which relies on such lifelines to meet its obligations. Just two days ahead of the meeting, it remains unclear whether a mechanism whereby Greece avoids a default will be clinched. If the credit rating agencies say Greece is in default following the bailout package, then there are real worries in the markets of renewed instability. The European Central Bank, for example, has warned it won\'t accept Athens\' bonds as collateral for the money it loans it. That would mean Greek banks would need to find another source of funding. Germany, the EU\'s biggest economy, wants private bondholders to absorb some losses on Greek bonds which the agencies have previously stated would likely constitute a default. The euro has largely managed to withstand pressures of a potential Greek default in recent weeks, and was trading 0.3 per cent higher at $1.4170 (Dh5.2045). Markets are also keeping a close watch on developments in the US, where lawmakers are wrangling over raising the debt ceiling, which caps the amount of government borrowing. The limit must be raised by August 2, or Washington could be forced to choose who to pay back and who to stiff in other words, to default. Observers say that politicians are using the debate to grandstand ahead of 2012 elections and are unlikely to actually let the date pass without raising the ceiling, but the dithering is killing investor confidence. \"There has not been a sincere change overnight in sentiment toward the debt issues suffered in the Eurozone and the United States,\" said Giles Watts, the head of equities at CityIndex. From / Gulf News

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*

global stocks bounce back global stocks bounce back

 



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*

global stocks bounce back global stocks bounce back

 



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