Arab Today, arab today us jobs data fails to revive european stocks
Last Updated : GMT 18:57:27
Arab Today, arab today
Arab Today, arab today

US jobs data fails to revive European stocks

Arab Today, arab today

Arab Today, arab today US jobs data fails to revive European stocks

European stocks
London - AFP

Better-than-expected jobs data showing the US economy is steaming ahead failed to revive Europe's main stock markets on Friday with anxiety over Greece still weighing on sentiment.
London's FTSE 100 slipped 0.18 percent to end the day at 6,853.44 points, while in Paris the CAC 40 lost 0.26 percent to 4,691.03 and Frankfurt's DAX 30 index shed 0.54 percent to 10,846.39.
Milan dropped 0.28 percent but Madrid's IBEX 35 managed a 0.36 percent gain.
In foreign exchange activity, the euro declined to $1.1330 from $1.1475 late in New York on Thursday.
The eagerly-awaited January jobs report showed the US economy pumped out a solid 257,000 new jobs in January, better than expected by analysts, and a sign that overall growth remains firm.
Wage growth, an indication the labour market may be tightening, rebounded firmly after a drop in December. Year-on-year wage growth increased from 1.9 percent in December to 2.2 percent in January.
Wage growth has been a key priority of the US Federal Reserve, which has signalled it wants to raise interest rates in 2015.
"Another employment report like this one for February and the stock market will most likely have to start getting its mind around a rate hike actually happening in mid-2015 after all," said Briefing.com analyst Patrick O'Hare.
That prospect gave US stocks pause, with Wall Street opening flat, but by midday they had moved higher.
The Dow Jones Industrial Average rose 0.21 percent to 17,922.80 points.
The broad-based S&P 500 climbed 0.38 percent to 2,070.37, while the tech-rich Nasdaq Composite Index added 0.37 percent to 4,782.58.
- Greek toll on markets -
On Thursday, European equities had shrugged off concerns about Greece after the European Central Bank (ECB) restricted Greek banks' access to a key source of cash, while Germany signalled its unwillingness to reduce Athens' debt.
Greek Prime Minister Alexis Tsipras and his Finance Minister Yaris Varoufakis, whose radical left Syriza party stormed to power in elections on January 25, have gone on a tour of major European capitals this week to try to build support for a renegotiation of the country's bailout.
"With the unsuccessful Greek-Euro tour over, Varoufakis returned back to a Greek nation last night still firmly behind their new leaders," said Spreadex analyst Connor Campbell.
"However, the lack of progress in negotiating a deal, something that looked so promising at the start of the week, has taken its toll on the markets" in Europe.
Greek stocks ended the day down 1.97 percent, but still ended the week up 11.3 percent.
Eurozone finance ministers will hold an extraordinary meeting in Brussels on Wednesday, with Berlin saying it expects Greece to put its plans on the table.
EU leaders are to then hold a summit meeting on Thursday.
Greece's 240-billion-euro ($275-billion) EU-IMF bailout is due to expire on February 28, leaving just weeks for Athens and Brussels to reach a compromise or risk seeking Greece crash out of the euro.
- 'Rose-tinted' Greek plan -
"Syriza's rose-tinted plan to renegotiate Greece's current debt agreement has met with a decidedly unenthusiastic response from the ECB," added ETX Capital analyst Daniel Sugarman.
"Despite populist speeches by Mr Tsipras stressing an end to Greek economic humiliation, the ECB's very public refusal to accept any further Greek bonds may go some way towards ending the illusion that this is a negotiation between equals rather than between debtor and creditor."
On the corporate front in London on Thursday, Britain's Poundland on Friday snapped up rival group 99p Stores for £55 million ($84 million, 74 million euros).
The group, which floated on the London stock market last year, announced in a statement that it has agreed to buy the family-owned 99p Stores chain in a cash-and-shares deal.
In Frankfurt, shares in Siemens slid 1.04 percent to 95.30 euros after the German engineering giant said it was slashing 7,800 jobs worldwide as part of an ongoing restructuring plan aimed at saving about one billion euros.

 

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 us jobs data fails to revive european stocks Arab Today, arab today us jobs data fails to revive european stocks

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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