Arab Today, arab today weak eurozone chinese data weighs on european stocks
Last Updated : GMT 17:35:20
Arab Today, arab today
Arab Today, arab today

Weak eurozone, Chinese data weighs on European stocks

Arab Today, arab today

Arab Today, arab today Weak eurozone, Chinese data weighs on European stocks

Weak growth data weighed on European stock markets
London - AFP

Weak eurozone and Chinese data dragged down European stock markets on Thursday after the Federal Reserve warned over potential threats to US growth.
London's benchmark FTSE 100 index shed 0.80 percent to stand at 6,643.24 points in afternoon trading.
The CAC 40 in Paris fell 1.39 percent compared with Wednesday's closing level to 4,206.79 points and Frankfurt's DAX 30 lost 0.80 percent to 9,397.18.
In Thursday trade, the European single currency edged down to $1.2550 from $1.2551 late in New York on Wednesday.
"Stocks saw a mildly negative open after Chinese manufacturing PMI stalled at a six month low overnight," said Atif Latif, head of trading at Guardian Stockbrokers in London.
"Losses then accelerated as investors digested weak eurozone PMI figures," he said.
The FTSE's miners were meanwhile weighed down by the Chinese numbers, he added. Shares in Anglo American dropped 3.9 percent to 1,278 pence and Rio Tinto lost 2.7 percent to 2,827 pence.
Growth in the eurozone has slowed to its slowest pace in 16 months as new orders dipped, survey company Markit said Thursday, raising pressure on policymakers to crank up measures to support the economy.
Markit's flash November reading of its composite purchasing managers' index (PMI) for the eurozone came in at 51.4 points, down from 52.1 in October.
While manufacturing ticked up slightly, growth in the service sector slowed to its weakest reading since last December, said Markit.
Meanwhile preliminary figures from British banking giant HSBC indicated manufacturing activity in China was stagnant in November. Its PMI came in at 50.
Anything above that points to growth, and a figure below suggests contraction.Asian markets traded mixed on Thursday after the latest round of weak manufacturing data underlined the slowdown in China's economy, while minutes from the US Federal Reserve's latest meeting gave few hints about its plans for interest rates.
Further losses in the yen to multi-year lows against the dollar and euro were not enough to give a strong boost to Tokyo's Nikkei after this week's surprise news that Japan had slipped into recession.
Tokyo ended flat, Seoul fell 0.45 percent, and Sydney sank 0.98 percent.
Hong Kong lost 0.10 percent while Shanghai was flat.
Asian traders were given a tepid lead from Wall Street. Fed policymakers saw a potential threat to US growth from the global slowdown and a possible decrease in inflation at their last meeting, according to the minutes published on Wednesday.
But they also said the sharp fall in oil prices would likely bring relief to American households and boost overall consumption, supporting the economy.
US stocks dropped in opening trade Thursday following weak international economic data.
The Dow Jones Industrial Average shed 0.35 percent to 17,623.11 points after five minutes of trading.
The broad-based S&P 500 gave up 0.35 percent to 2,041.62, while the tech-rich Nasdaq Composite Index fell 0.44 percent to 4,655.29.
In foreign exchange trading on Thursday, the euro eased to 79.91 British pence from 80.03 late on Wednesday in New York. The British pound gained to $1.5704 from $1.5681.
On the London Bullion Market, the price of gold dipped to $1,194 an ounce from $1,196 late on Wednesday.

 

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 weak eurozone chinese data weighs on european stocks Arab Today, arab today weak eurozone chinese data weighs on european stocks

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 16:05 2017 Tuesday ,28 February

US. Stocks Close Mixed

GMT 15:45 2017 Tuesday ,28 February

US Stocks Close Higher with Dow Hits 12th Record High

GMT 09:45 2017 Tuesday ,28 February

China shuts down $7.3bn illegal forex operation

GMT 06:07 2017 Tuesday ,28 February

LSE, Deutsche Boerse deal in jeopardy
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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