Arab Today, arab today eurozone trade falls back into deficit
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

Eurozone trade falls back into deficit

Arab Today, arab today

Arab Today, arab today Eurozone trade falls back into deficit

London - Arabstoday

European stocks eked out some modest gains Friday ahead of another round of U.S. economic data, that should shed some further light on whether the recovery in the world’s largest economy continues to pick up steam. In recent weeks, stocks have rallied on the combination of upbeat U.S. economic data and a more benign European debt backdrop despite some unease over the rise in the price of oil, which could cloud the investment picture by threatening the global recovery. Many of the world’s major indexes are trading at multi-month highs. On Wall Street, the Standard & Poor’s 500 index closed Thursday above 1,400 for the first time since May 2008. “Equity markets have continued to push higher at the end of a very positive week, largely on the back of optimism over the economic recovery in the U.S., and a belief that the problems in Europe have been somewhat alleviated in the short to medium term, with the final approval of the Greek bailout, by the IMF yesterday,” said Michael Hewson, markets analyst at CMC Markets. In Europe, the FTSE 100 index of leading British shares was up 0.4 percent at 5,963 while the CAC-40 in France rose 0.1 percent to 3,582. Germany’s DAX was 0.1 percent higher too at 7,154. The euro was underperforming however as the dollar continues to garner support from the improving U.S. economic picture — it was trading 0.2 percent lower at $1.3055. Wall Street was poised for a steady open too — both Dow futures and S&P 500 futures were up 0.1 percent. With few developments in Europe, investors continue to take their cue from developments across the Atlantic. Later, the focus will be on official inflation and industrial production figures as well as the closely watched consumer confidence survey from the University of Michigan. One growing concern in the markets is what is happening with the price of oil. Rising oil prices raise inflation worries as well as potentially derailing the recovery picture. “There are concerns, however that this recovery in equity markets could start to stall and tail off if oil prices, the lifeblood of any economy, continue to rise at their current pace and kill off demand,” said CMC’s Hewson. On Thursday, oil prices oscillated wildly, with the benchmark New York rate dropping around $3 a barrel at one stage on reports that the U.S. and Britain had agreed to release spare supplies of oil in an effort to drive fuel prices lower. However, White House press secretary Jay Carney said there was no plan to release supplies and oil prices recovered much of their losses and are currently trading around the $105 a barrel mark. Earlier in Asia, Asian shares took a breather following a strong run earlier this week. Japan’s Nikkei 225 index closed slightly higher at 10,129.83 after morning profit-taking sent the benchmark into negative territory. The Nikkei has clocked a week of gains largely due to the yen’s retreat from record highs against the dollar. The dollar was up a further 0.2 percent on the day at 83.73 yen. Mainland Chinese shares advanced with the benchmark Shanghai Composite Index gaining 1.3 percent to 2,404.74. Hong Kong’s Hang Seng fell 0.2 percent to 21,317.85 and South Korea’s Kospi dropped 0.5 percent to 2,034.44.

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 eurozone trade falls back into deficit Arab Today, arab today eurozone trade falls back into deficit

 



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 eurozone trade falls back into deficit Arab Today, arab today eurozone trade falls back into deficit

 



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 Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
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