Arab Today, arab today world stocks sink on rising spain tensions
Last Updated : GMT 02:31:30
Arab Today, arab today
Arab Today, arab today

World stocks sink on rising Spain tensions

Arab Today, arab today

Arab Today, arab today World stocks sink on rising Spain tensions

London - Arabstoday

World stocks fell sharply, the euro hit a 2-year low against the dollar and Spanish borrowing costs struck record highs on Monday amid speculation Spain could soon require a full state bailout, traders said. “There are fears that Spain is edging closer to being forced to seek a full scale bailout, having secured 100 billion euros ($121 billion) to help recapitalise its banks,” said Joshua Raymond, chief market strategist at City Index traders. All eyes were also on bailed-out Greece, with auditors from the European Union, International Monetary Fund and the European Central Bank due in Athens this week for another inspection of the new government’s economic programme. The report will determine whether Greece will receive fresh loans of 31.5 billion euros by September due under its debt rescue programme. German Finance Minister Wolfgang Schaeuble warned Greece in a newspaper interview Monday that it must redouble efforts to comply with bailout conditions imposed by international creditors. “If there were delays, Greece must make up for them,” he told the daily Bild. London’s FTSE 100 benchmark index of leading shares dropped 1.61 per cent at 5,560.69 points nearing midday. Frankfurt’s DAX 30 index shed 1.40 percent to 6,537.16 points and in Paris the CAC 40 slid 1.69 percent to 3,139.74 points. Madrid’s IBEX 35 index plunged more than 5.0 percent and Athens dived over 6.0 per cent. “After a pretty week of inspiring corporate results, investors are again looking at the markets through the lenses of the euro crisis,” said Anita Paluch, a trader at Gekko Global Markets. In foreign exchange deals, the European single currency fell to a six-week low at $1.2082. It later stood at $1.2102, compared with $1.2152 in New York late on Friday. The euro also slumped to its lowest level against Japan’s safe-haven currency in almost 12 years — hitting 94.24 yen. “The traditional safe haven currencies of the yen and US dollar have strengthened overnight reflecting heightened investor concern over the escalating eurozone sovereign debt crisis,” said Lee Hardman, currency analyst at The Bank of Tokyo-Mitsubishi UFJ in London. Spanish long-term borrowing costs jumped to record highs on Monday as investors turned increasingly sceptical about government efforts to stabilise a stricken banking system and the public finances. The yield — the rate of return — on the benchmark Spanish 10-year government bond jumped to 7.466 per cent from 7.225 percent on Friday, well above the 7.0 percent danger level for long-term funding. Gulf Today

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 sink on rising spain tensions Arab Today, arab today world stocks sink on rising spain tensions

 



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 sink on rising spain tensions Arab Today, arab today world stocks sink on rising spain tensions

 



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