Arab Today, arab today world stocks mixed amid spanish bailout clouds
Last Updated : GMT 19:09:09
Arab Today, arab today
Arab Today, arab today

World stocks mixed amid Spanish bailout clouds

Arab Today, arab today

Arab Today, arab today World stocks mixed amid Spanish bailout clouds

London - AFP

World stock markets were mixed and the euro steadied on Tuesday as investors kept a cautious eye on developments in Spain after initial enthusiasm over the country’s massive bank bailout faded badly. European indices rose slightly in morning deals, while Asian stock markets mostly closed lower after losses on Wall Street overnight as investors looked past the headlines and noted the impact of the deal on Spain’s debt burden. Spanish 10-year government bonds yields — the rate of return earned by investors — rose to 6.590 percent from 6.487 percent, indicating nervousness among traders. Any yield above 6.0 percent is widely judged to be unsustainable over the longer-term and shows the market is increasingly skeptical that the bank bailout accord with the EU can resolve Spain’s problems. “Despite Spain’s banks being better off to the tune of 100 billion euros, yields on Spanish government debt have surged above the danger level as traders interpret this as an escalation of the debt crisis and not as a preventative measure that policy makers had tried to spin things,” said Jonathan Sudaria, a dealer at London Capital Group. In mid-morning deals, London’s FTSE 100 index of leading companies climbed 0.13 percent to 5,439.27 points, Frankfurt’s DAX 30 gained 0.25 percent to 6,156.41 points and in Paris the CAC 40 rose 0.39 percent to 3,054.60. Madrid’s IBEX 35 index edged down 0.04 percent to 6,513.90 points in choppy trade while Milan was off 0.13 percent. In foreign exchange deals on Tuesday, the euro stood at $1.2481, virtually unchanged from $1.2482 in New York late Monday. Stocks had soared Monday on the Spanish bank rescue accord but the sharp gains were lost as borrowing costs for Madrid and Rome rose sharply, reflecting investor unease at the bailout’s potential impact on their public finances. “Concerns that the Spanish bailout creates more questions than answers, weighs on risk assets and ahead of Greek and French elections on Sunday, there is fresh uncertainty for markets,” said VTB Capital analyst Neil MacKinnon “Our expectation is of further gradual euro slippage and modest downward pressure on US bond yields as ‘flight to safety’ themes remain intact,” he said in a note to clients. Investors were looking to the weekend when Greece holds its second polls in less than six weeks amid fears that a victory for anti-austerity groups could lead to Athens making a disorderly exit from the euro. In France, President Francois Hollande’s Socialists and their allies were on track to win a strong parliamentary majority after a first-round election that cemented a swing to the left. The optimism over the $125 billion Spanish bailout deal struck at the weekend was being replaced by concerns about the practicalities of the rescue and fears that it would not avert a broader eurozone catastrophe. Asian stock markets closed mostly lower on Tuesday following losses on Wall Street. Tokyo finished down 1.02 percent but Sydney rose 0.23 percent as it caught up with regional gains on Monday’s when it was closed for a holiday. On Wall Street, an early rally fueled by Spain’s bailout fizzled out to leave the Dow Jones Industrial Average was down 1.14 percent. The broad-market S&P 500 fell 1.26 percent and the tech-rich Nasdaq Composite lost 1.70 percent. The downturn also reflected some profit-taking after US equity markets scored their best week of the year last week.

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 world stocks mixed amid spanish bailout clouds Arab Today, arab today world stocks mixed amid spanish bailout clouds

 



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 world stocks mixed amid spanish bailout clouds Arab Today, arab today world stocks mixed amid spanish bailout clouds

 



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