Arab Today, arab today global stocks slide on fed minutes
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Global stocks slide on Fed minutes

Arab Today, arab today

Arab Today, arab today Global stocks slide on Fed minutes

Frankfurt - Arabstoday

Global stock markets fell on Thursday on fears growth may slow in China and after US Federal Reserve minutes indicated the central bank may not move as quickly as hoped to stimulate the country’s economy. Britain’s FTSE 100 was down 0.6 percent at 5,626.91. France’s CAC-40 shed 0.4 percent to 3,145.38, while Germany’s DAX fell 0.8 percent to 6,402.15, while Asian markets fell overnight. The euro slipped after the European Central Bank’s put into effect a zero interest rate on overnight bank deposits. Investors in Asia and Europe digested the release of minutes from the June 20 meeting of the Federal Reserve’s open market committee, showing members might be open to more stimulus but only after more signs that the U.S. recovery is losing momentum. Market-watchers concluded that meant no likely action at the Fed’s next meeting July 31-Aug. 1. There had been speculation the Fed may engage in a third round of securities purchases aimed at increasing the supply of money in the economy, so-called quantitative easing. “The release of the FOMC minutes last night disappointed the market in so far as it indicated that the majority of committee members were not yet on board with the notion that further QE should be employed,” Rabobank analyst Jane Foley wrote in a note to investors. Concerns about China, the growth motor for Asia and a key market for European companies, also weighed on stocks ahead of Friday’s announcement of second-quarter growth figures. Growth likely slowed to 7.9 percent, the worst reading in the aftermath of the 2008 global financial crisis, Singapore’s DBS Bank said. China’s economy grew 8.1 percent in the first quarter. “Growth momentum in China has been clearly decelerating in the second quarter,” DBS said in a report. “Lingering woes in Europe and downward revisions in U.S. growth projections of late point to more challenges ahead for exports.” An unexpected quarter-point rate cut by the South Korean central bank added to concerns about growth, although the Bank of Japan left its benchmark lending rates unchanged after a two-day policy meeting on Thursday. Asian shares fell generally. Japan’s Nikkei 225 index fell 1.5 percent to 8,720.01, while Hong Kong’s Hang Seng plunged 2 percent to 19,027.38. U.S. share futures also pointed down Thursday ahead of the New York open. The Dow industrials index was off 0.34 percent in pre-market trading at 12,493.00 and the Standard & Poors 500 fell 0.55 to 1,328.90. Benchmark oil for August delivery was down 54 cents at $85.27 a barrel in electronic trading on the New York Mercantile Exchange. Crude rose $1.90 to settle at $85.81 on Wednesday in New York. The euro fell 0.25 percent to $1.2206 as ECB rate cuts reduced returns on euro-denominated investments. The central bank last week cut its rate on overnight bank deposits to zero from 0.25 percent, with effect from Wednesday. The zero rate is aimed at getting banks to stop parking so much money at the ECB’s super-safe overnight deposit facility and lend it out to other banks. But it lowers money market rates on euro holdings. The dollar dropped 0.5 percent to 79.32 yen.

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 global stocks slide on fed minutes Arab Today, arab today global stocks slide on fed minutes

 



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 global stocks slide on fed minutes Arab Today, arab today global stocks slide on fed minutes

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
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 Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
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 Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
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 Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

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 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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