Arab Today, arab today european equities climb after record dow finish
Last Updated : GMT 22:20:05
Arab Today, arab today
Arab Today, arab today

European equities climb after record Dow finish

Arab Today, arab today

Arab Today, arab today European equities climb after record Dow finish

London - AFP

Europe\'s main stock markets rose Wednesday, boosted by another record close on Wall Street and despite news that China recorded a rare trade deficit in March, dealers said. In midday deals, London\'s FTSE 100 index of top companies increased 0.74 percent to 6,360.66 points, Frankfurt\'s DAX 30 jumped 1.22 percent to 7,730.37 points and in Paris the CAC 40 leapt 1.27 percent to 3,716.70. In foreign exchange activity, the European single currency hit a one-month high at $1.3122. It later stood at $1.3100, compared with $1.3080 in New York late on Tuesday. In Wall Street action overnight, the Dow index hit yet another record on hopes for the US economy and optimism about the January-March earnings season that started this week. \"We\'ve seen a big turnaround in sentiment amongst our clients, who are now positioned in expectation of (European markets) catching up with the US benchmarks,\" said analyst Matt Basi at trading group CMC Markets. \"Rising demand and falling inflation in China is the perfect combo for cyclical stocks, and new Dow highs only serve to fuel the optimism further in the short term.\" Asian markets were mostly higher on Wednesday, with Tokyo supported by the weak yen, while Shanghai slipped as official data showed a rare trade deficit for China in March. China\'s customs agency said Wednesday exports climbed a below forecast 10.0 percent last month, and imports jumped a bigger-than-expected 14.1 percent, while the country saw a trade deficit of $880 million. Economists had tipped a surplus of $14.7 billion. \"One positive that can be seen in the data is the improvement in imports which suggests domestic consumption is continuing to pick up.\" said Alpari analyst Craig Erlam. \"This is essential if China is going to maintain its high growth rates in the years to come as it makes the transition to more consumption driven growth rather than being overly reliant on its exports.\" Hong Kong stocks added 0.75 percent and Tokyo rose 0.73 percent, while Seoul gained 0.77 percent, but Sydney was 0.18 percent lower and Shanghai finished flat. The China data came one day after officials said inflation had come in below estimates, which analysts said indicates ongoing weakness in the world\'s number two economy, still struggling to recover from slower growth last year. The yen meanwhile continued to struggle against the dollar, having hit a near four-year low of 99.66 against the dollar on Tuesday as it was weighed down by Bank of Japan stimulus moves. The Japanese unit also struck a January 2010 low against the euro at 130.51 yen. On the London Bullion Market, gold prices firmed to $1,581.50 per ounce from $1,577.25 late on Tuesday.

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 european equities climb after record dow finish Arab Today, arab today european equities climb after record dow finish

 



Arab Today, arab today
Arab Today, arab today Accessories designer reveals her new collection

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
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 Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today Number of unwedded girls amounts to 2.5m

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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