Arab Today, arab today stocks higher ahead of key central bank meetings
Last Updated : GMT 23:58:51
Arab Today, arab today
Arab Today, arab today

Stocks higher ahead of key central bank meetings

Arab Today, arab today

Arab Today, arab today Stocks higher ahead of key central bank meetings

The DAX went above 10,000 for the first time since January 13, hitting an intra-day high of 10,039.61 points
London - AFP

European stock markets rose on Monday, with Frankfurt back above 10,000 points, following a strong start to the week across Asia as traders looked ahead to more central bank action.

The Bank of Japan started a two-day meeting Monday, while the Federal Reserve and Bank of England also gather this week to decide over the direction for interest rates and stimulus.

Markets are keen to see if Japanese policymakers unleash fresh stimulus, after launching a widely-panned negative interest rate policy in January, while the Fed talks will be watched for clues about a possible timeline for more rate hikes.

The Bank of England is expected to leave its main lending rate at 0.50 percent following a gathering later in the week. Ahead of Thursday's decision, Britain presents its annual budget on Wednesday.

The monetary policy meetings meanwhile come after the European Central Bank last week cut rates and boosted its bond-buying in a bid to kickstart the tepid eurozone economy, in turn helping Frankfurt's DAX 30 shares index to rally in recent days.

On Monday, the DAX went above 10,000 for the first time since January 13, hitting an intra-day high of 10,039.61 points.

"Asian stocks headed higher... following the lead from stocks on Wall Street on Friday and giving European markets a healthy shot in the arm first thing," said James Hughes, chief market analyst at trading group GKFX.

European indices won a boost from strong showing across Asia, after the new head of China's new market regulator hinted at more action to support volatile mainland bourses.

Hong Kong closed up 1.2 percent and Shanghai tacked on 1.8 percent, despite more evidence of a slowdown in China's economy -- the world's second-largest and a key driver of global growth.

Tokyo's benchmark Nikkei 225 index finished 1.7-percent higher.

"Equity markets are making a solid start to the week, continuing with their post-ECB bounce," said Mike van Dulken, head of research at Accendo Markets.

"Poor China data over the weekend has stoked the fires of stimulus hopes," -- helping to lift commodity prices and mining groups' shares.

In the first two months of the year, output at China's factories, workshops and mines was the weakest since the global financial crisis, official figures showed Saturday.

But Chinese shares got a lift Monday after the new head of China's stock-market regulator said at the weekend that the state would intervene "if the market is not working properly at all or continues to fall".

"It will be too early to talk about withdrawing" state support for stocks "for rather a long time into the future", said Liu Shiyu, chairman of the China Securities Regulatory Commission.

- Key figures around 1030 GMT -

London - FTSE 100: UP 0.6 percent at 6,175.64 points

Frankfurt - DAX 30: UP 1.6 percent at 9,983.94

Paris - CAC 40: UP 0.5 percent at 4,516.32

EURO STOXX 50: UP 0.8 percent at 3,098.85

Tokyo - Nikkei 225: UP 1.74 percent at 17,233.75 (close)

Shanghai - composite: UP 1.75 percent at 2,859.50 (close)

Hong Kong - Hang Seng: UP 1.17 percent at 20,435.35 (close)

New York - Dow: UP 1.3 percent at 17,213.31 (close)

Euro/dollar: DOWN at $1.1119 from $1.1149 on Friday

Dollar/yen: DOWN at 113.82 yen from 113.79 yen

 

arabstoday
arabstoday

GMT 21:31 2017 Wednesday ,18 October

Bahrain Bourse daily trading performance

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
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 stocks higher ahead of key central bank meetings Arab Today, arab today stocks higher ahead of key central bank meetings

 



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 stocks higher ahead of key central bank meetings Arab Today, arab today stocks higher ahead of key central bank meetings

 



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