Arab Today, arab today european shares euro dip in early deals
Last Updated : GMT 11:26:05
Arab Today, arab today
Arab Today, arab today

European shares, euro dip in early deals

Arab Today, arab today

Arab Today, arab today European shares, euro dip in early deals

London - AFP

European stocks and the euro eased on Monday as markets awaited fresh developments in the debt crisis, and reacted to the death of North Korean leader Kim Jong-Il which raised geopolitical concerns. In early deals, London\'s benchmark FTSE 100 index dropped 0.19 percent to 5,377.32 points, the Paris CAC 40 index slid 0.24 percent to 2,967.18 points and Frankfurt\'s DAX 30 was flat at 5,704.95 points after starting lower. \"Equities have kicked off in the red as macro economic factors continue to weigh on the market,\" said ETX Capital trader Manoj Ladwa. \"With credit rating downgrades, on-going sovereign debt issues and uncertainty in the Korean peninsula, it is difficult to see where the upside will come from in what is a traditionally strong week.\" Equities tend to enjoy a bounce in the week before Christmas but not this year as the eurozone crisis and fears of fresh recession rumble on. In foreign exchange deals, the euro dipped to $1.3016 from $1.3032 on Friday. \"The main downside risk to global growth ahead remains the still escalating eurozone sovereign debt crisis,\" said Lee Hardman, a currency economist at The Bank of Tokyo-Mitsubishi UFJ. \"The yen and US dollar are continuing to benefit from investors\' increasing aversion to risk given heightened uncertain over the outlook for global growth.\" European finance ministers were to hold a teleconference on Monday that will aim to fill in details of this month\'s debt-fighting agreement. The talks, which will include non-euro members, will also discuss boosting International Monetary Fund (IMF) coffers to enable it to come to the aid of floundering economies. At a recent summit, which saw non-eurozone member Britain block plans for an EU treaty change to save the single currency, member countries announced plans to pump 200 billion euros ($260 billion) into an IMF warchest. Last Friday meanwhile, Moody\'s Investors Service cut Belgium\'s credit rating by two notches, citing tough conditions for in-debt European countries to borrow with little chance of a quick end to the eurozone crisis. The agency reduced Brussels\' rating to Aa3, with a negative outlook, from Aa1. Also late last week, Fitch Ratings lowered its outlook on France\'s triple-A rating to negative from stable, saying the debt crisis \"constitutes a significant negative shock to the region and to France\'s economy and the stability of its financial sector.\" The agency also placed six eurozone nations, including Spain and Italy, on watch for downgrade, saying it considered a \"comprehensive solution\" to the crisis was technically and politically beyond reach. Asian shares also fell on Monday over eurozone strains but the region\'s main focus was the death of Kim. Seoul\'s main equity index closed down 3.43 percent, Tokyo shed 1.26 percent, Hong Kong lost 1.18 percent, Shanghai fell 0.30 percent and Sydney tumbled 2.38 percent. North Korean state television said the 69-year-old Kim died on Saturday and that the isolated communist nation must now follow his son Kim Jong-Un. \"The Christmas break may now be very much in sight for traders, but equity markets seem unlikely to find themselves awash with festive cheer in the coming days,\" said IG Markets trader Terry Pratt. \"There\'s the very real prospect of some significant credit ratings downgrades in Europe to contend with, whilst that breaking news of the death of North Korean leader Kim Jong-Il is going to bring the geopolitical situation in North East Asia very much back onto the agenda too.\"  

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 shares euro dip in early deals Arab Today, arab today european shares euro dip in early deals

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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