Arab Today, arab today us markets steady despite continued concerns over eurozone debt
Last Updated : GMT 09:44:41
Arab Today, arab today
Arab Today, arab today

US markets steady despite continued concerns over eurozone debt

Arab Today, arab today

Arab Today, arab today US markets steady despite continued concerns over eurozone debt

Washington - Arabstoday

US stock markets were holding steady on Friday even as critics began to unpick the announcements that followed Thursday\'s breakthrough talks on the European debt crisis. The Dow was down 0.05% by lunchtime but was still on track for its largest monthly gain since 1999. In London the FTSE 100 closed for the week, down just over 10 points on the day at 5702.24 but well above the 5000 mark it stood at a month ago. The relative calm in the markets came even as credit rating agency Fitch said Greek debt would remain \"junk\" even after the European agreement to half what it owes the banks and a sale of Italian government bonds showed investors were still wary about the European crisis. The Italians sold €8bn of debt this morning - the first eurozone bond auction EU leaders summit and the country\'s 10-year borrowing costs topped 6%, the highest rate since Italy joined the euro. The sale will put further pressure on Silvio Berlusconi\'s precarious governmental alliance. Italian finance minister Guilio Tremonti is already under pressure to bring down borrowing costs. Italy has been downgraded by the three main credit rating companies during the past month and has to repay €298bn of debt next year, more than any other euro member. In a note to investors Fitch too poured cold water on the European crisis talks. The rating agency broadly welcomed the EU plan to asks private creditors to take 50% \"haircuts\" on their holdings of the country\'s bonds. But the agency said: \"Greece would still have a large amount of debt outstanding, its growth prospects are weak and its willingness to implement structural reforms may dissipate.\" The latest Euro news came as Klaus Regling, the head of euro-bailout fund the European financial stability facility (EFSF) met with Zhu Guangyao, a Chinese vice-finance minister, in Beijing Friday. European leaders, led by France\'s Nicholas Sarkozy, are trying to persuade the Chinese to invest more money in the EFSF. Euro leaders are seeking to increase ESFS from about €250bn to up to €1,000bn and considering the creation of a special fund in which countries such as China could invest. Regling played down any expectations of an imminent announcement. With the drama in Europe now entering a quieter phase economists said US investors were once more focussing on their home market. The commerce department reported on Friday that personal consumption expenditures climbed by 0.6% in September. That followed a 0.2% rise in August. The news was the second sign in days of rising consumer spending and followed the latest gross domestic product figures which showed a similar tick up. But once more the signs of recovery were mixed. The department also reported that spending had outstripped rises in income, showing that buyers had dipped into savings to finance purchases. The news came as Whirlpool, the largest household appliances group, announced it was cutting 10% of its workforce amid weak demand. Paul Ashworth, US economist at Capital Economics, said: \"With the European summit out of the way, the focus in US markets will be back on domestic developments.\" The Federal Reserve monetary policy committee meets next week and key employment figures are due for release next Friday.

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 us markets steady despite continued concerns over eurozone debt Arab Today, arab today us markets steady despite continued concerns over eurozone debt

 



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 markets steady despite continued concerns over eurozone debt Arab Today, arab today us markets steady despite continued concerns over eurozone debt

 



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 Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
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 Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
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 Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

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 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

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