Arab Today, arab today european equities slip before us payrolls data
Last Updated : GMT 08:56:06
Arab Today, arab today
Arab Today, arab today

European equities slip before US payrolls data

Arab Today, arab today

Arab Today, arab today European equities slip before US payrolls data

London - AFP

European stock markets fell on Friday, mirroring losses elsewhere, as traders shrugged off monetary stimulus measures in Europe and China, and worried over looming data in the United States. London\'s benchmark FTSE 100 slid 0.04 percent to 5,690.10 points in late morning trade, Frankfurt\'s DAX 30 shed 0.24 percent to 6,519.30 points and in Paris the CAC 40 lost 0.31 percent to 3,219.35 points. In foreign exchange deals, the European single currency retreated to $1.2377, compared with $1.2391 late on Thursday in New York. European equities had diverged Thursday after the European Central Bank (ECB) cut its main interest rate to a record low at 0.75 percent but did not announce additional stimulus moves. In London, the Bank of England (BoE) maintained its main rate at a record low of 0.50 percent and announced £50 billion ($78 billion, 62 billion euros) in extra stimulus cash to boost Britain\'s recession-hit economy. And China\'s central bank trimmed rates for the second time in a month, a surprise move which analysts said may indicate that the Chinese economy, the world\'s second biggest, is slowing more quickly than expected. \"The reaction to yesterday\'s monetary stimulus from the ECB, BoE and PBOC has failed to prompt further market gains and this is a worrying sign,\" said economist Neil MacKinnon at VTB Capital. \"It may be that the markets think non-conventional monetary policy is becoming increasingly ineffective and that the problem of a \'liquidity trap\' has not been resolved.\" Cautious investors were awaiting the June US labour report for signs about the state of the world\'s largest economy, and whether it would prompt the US Federal Reserve to step in with fresh easing measures. Asian markets mostly sank on Friday as the central bank attempts to stimulate the global economy failed to reassure wary investors. Hong Kong edged down 0.04 percent, Tokyo shed 0.65 percent, Seoul ended 0.92 percent lower and Sydney lost 0.27 percent. Shanghai bucked the trend to close up 1.01 percent, with property stocks leading the rise following the rate move. The slide came as International Monetary Fund chief Christine Lagarde warned the global economy was slowing and said the situation could get worse because Europe was not doing enough to fix its debt crisis. \"Despite a wave of stimulus measures announced overnight by various central banks, it seems such policies are having a muted effect on investor sentiment,\" agreed IG Markets analyst Cameron Peacock. Lagarde, meanwhile, hailed the ECB move and other recent \"significant steps\" to contain the eurozone crisis but warned that \"more needs to be done in order to really complete the architectural job of the eurozone\". Markets were disappointed that the widely expected ECB move was not accompanied by additional measures to combat the long-running eurozone crisis. In Wall Street trade on Thursday, the Dow Jones Industrial Average ended down 0.36 percent after US data highlighted weakness in consumer spending.

arabstoday
arabstoday

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 slip before us payrolls data Arab Today, arab today european equities slip before us payrolls data

 



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 slip before us payrolls data Arab Today, arab today european equities slip before us payrolls data

 



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 A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
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 Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

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