european equities waver on eve of ecb meeting
Last Updated : GMT 07:27:58
Arab Today, arab today
Arab Today, arab today

European equities waver on eve of ECB meeting

Arab Today, arab today

Arab Today, arab today European equities waver on eve of ECB meeting

London - AFP

European shares wavered Wednesday after losses in Asia, as investors remained cautious on the eve of a highly anticipated policy meeting at the European Central Bank. London\'s FTSE 100 index fell 0.20 percent to 5,660.37 points in afternoon deals, while Frankfurt\'s DAX 30 gained 0.58 percent to 6,972.89 points and Paris\' CAC 40 rose 0.31 percent to 3,409.73 points. Madrid added 0.41 percent and Milan edged up 0.13 percent. US stocks also wobbled in opening trade Wednesday amid hopes that increasingly weak global economic data will spur central banks into action. The Dow Jones Industrial Average was up 0.13 percent in the first five minutes of trade, the S&P 500-stock index edged up 0.03 percent, while the tech-rich Nasdaq fell 0.10 percent. In foreign exchange activity, the euro shot up to $1.2605, compared with $1.2564 late in New York on Tuesday on prospects the ECB would soon intervene on the bond markets. Asian markets retreated on Wednesday after a third straight monthly contraction in US manufacturing activity, which followed recent poor numbers on factory activity from Asia and Europe. Dealers meanwhile looked ahead to Thursday\'s European Central Bank meeting, with all eyes on president Mario Draghi for new measures to fight the stubborn debt crisis. Market movement came \"as persistent global economic growth concerns are being met with optimism that the European Central Bank is about to embark on the resumption of its bond purchase programme,\" Charles Schwab & Co. analysts said. Dealers have been broadly upbeat since Draghi in July hinted at a restart of its sovereign bond-buying programme to help under-pressure eurozone nations suffering high borrowing costs. And expectations were stoked on Monday after European lawmakers said Draghi had told them that buying government bonds of up to three-year maturity on the secondary market did not amount to bailing out spendthrift euro members. Such a move in the past was justified to help stabilise and protect the 17-nation eurozone, he said, according to the politicians. \"There have been a number of stories circulating that Mario Draghi will announce a bond-buying programme which will target the debt of troubled countries with maturities of three years and below,\" said analyst David Morrison at trading group GFT. \"The ECB president has said that this would be allowable under EU law and consistent with the ECB\'s price stability mandate. \"However, even if he can launch such a programme in the face of opposition from the Bundesbank and others, many investors doubt that it will be enough to calm markets for long,\" Morrison added. In Asian stock market deals, Hong Kong closed down 1.47 percent, Tokyo sank 1.09 percent and Seoul slipped 1.74 percent, while Shanghai was off 0.29 percent. Sydney closed 0.57 percent lower after figures showed the Australian economy grew slower than expected in April-June.

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*

european equities waver on eve of ecb meeting european equities waver on eve of ecb meeting

 



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*

european equities waver on eve of ecb meeting european equities waver on eve of ecb meeting

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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