Arab Today, arab today global equity rally gains momentum
Last Updated : GMT 11:15:04
Arab Today, arab today
Arab Today, arab today

Global equity rally gains momentum

Arab Today, arab today

Arab Today, arab today Global equity rally gains momentum

London Stocl Exchange
London - AFP

World markets pushed higher Friday on increasing hopes that the Federal Reserve would push back an interest hike in reaction to a stream of weak economic data.

European stocks advanced after a fresh round of gains in Asia, as investors bet the US central bank would keep rates at record-lows close to zero for the time being.

Markets were also spurred by hopes that Chinese authorities could unleash more stimulus to counter a slowdown in the Asian powerhouse economy.

The rally "remains driven by weak, mixed macro data from China, US and Europe, delaying expectations for a Fed rate hike and high hopes of additional global stimulus which is considered positive for risk appetite", said Mike van Dulken, head of research at traders Accendo Markets.

In midday deals, London's benchmark FTSE 100 index won 0.73 percent to 6,384.70 points compared with Thursday's close.

Frankfurt's DAX 30 climbed 0.62 percent to 10,127 points and the Paris CAC 40 rose 0.73 percent to 4,709.20.

Back in Asia, equities rose although China's third-quarter economic growth data coming out Monday capped gains.

Shanghai finished 1.60 percent higher, with dealers betting on China's leaders announcing a new round of measures to shore up the stuttering economy.

While weak readings this week on trade and inflation initially sent stocks lower, investors now see the possibility of another Chinese interest rate cut -- after five since November -- or other monetary loosening.

Hong Kong stocks added 0.78 percent and Sydney ended 0.73 percent higher.

Meanwhile, expectations the Bank of Japan will soon increase its own monetary easing scheme also helped the Tokyo stock market close 1.08 percent higher on Friday.

Global markets have enjoyed a broadly strong month so far after suffering their worst quarter in four years during July-September, when trillions of dollars were wiped of valuations.

- US rate hike? -

The main story behind the latest rally has been the likelihood the Fed will have to put off a rate hike until the new year owing to a slowdown in world economic growth.

After saying in early 2015 that a rise was expected as the US economy picked up pace, bank policymakers have gradually lowered their expectations, with turmoil unleashed by China's yuan depreciation in August playing a major role.

A recent run of weak data out of Washington -- including below par jobs growth and retail sales -- have also muddied the Fed's waters.

"As the world's foremost economy, anything which could affect the US market is watched closely by markets elsewhere," said ETX Capital analyst Daniel Sugarman.

"Raising interest rates leads to higher charges on things like mortgage rates and credit card rates. With less money left to spend, people tend to buy less, which has a knock-on effect on company's sales figures.

He added: "Any suggestion of a delay regarding a Fed interest rate hike can send stocks surging because it suggests that people will keep buying goods or services at the same rate for the time being."

In foreign exchange activity, the European single currency slid to $1.1359, from $1.1495 late in New York on Thursday.

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 global equity rally gains momentum Arab Today, arab today global equity rally gains momentum

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
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 Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
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 Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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