Arab Today, arab today stocks rise on germany bailout boost
Last Updated : GMT 17:45:31
Arab Today, arab today
Arab Today, arab today

Stocks rise on Germany bailout boost

Arab Today, arab today

Arab Today, arab today Stocks rise on Germany bailout boost

London - AFP

European and US stock markets jumped on Thursday after Germany\'s parliament voted overwhelmingly to boost the eurozone rescue fund and positive US growth and unemployment figures. Frankfurt\'s DAX 30 index rose 1.52 percent at 5,555.07 points, Paris\' CAC 40 advanced 1.8 percent to 3,050.06 points, while in London the FTSE 100 added 0.37 percent to 5,237.16. Madrid won 1.57 percent and Milan shot up 2.17 percent. Wall Street opened strongly after a revision of second quarter US growth to 1.3 percent from 1.0 percent, and US jobless claims falling sharply last week to 391,000, their lowest level since April. Ten minutes into trade, the Dow Jones Industrial Average was up 1.85 percent, while the broader S&P 500 added 1.7 percent, and the Nasdaq gained 1.6 percent. The German parliament passed a beefed-up rescue fund for stricken eurozone countries by a large majority on Thursday in a vote seen as crucial to stem financial market turmoil. German Chancellor Angela Merkel meanwhile averted political disaster as an overwhelming majority of her own deputies voted in favour of the proposal. The vote before the Bundestag lower house on expanding the 440-billion-euro ($599 billion) bailout fund was also seen as a crucial test of Merkel\'s authority amid fears of a major backbench rebellion. \"Stocks jumped ... as investors digested news that the German parliament had easily passed a vote to allow the July changes to the EFSF rescue fund, although the euro fell back from its highs of the session,\" said Kathleen Brooks, an analyst at traders Forex.com. The European single currency climbed to $1.3613 from $1.3536 late in New York on Wednesday. The dollar rose to 76.73 yen from 76.53 yen on Wednesday. \"The euro has managed to sustain the rally that began on Monday; however news that Germany had passed the vote on the EFSF hasn\'t triggered a relief rally,\" Brooks said. \"This could be because a lot was priced in already, but the euro may remain stuck in a range for some time yet.\" German deputies voted by 523 to 85 in favour of expanding the size and the scope of the European Financial Stability Facility (EFSF). Three abstained. Germany became the 11th of 17 eurozone states to agree to beef up the EFSF and hand it new powers, for example to buy bonds of struggling nations. Also on Thursday, international auditors resumed talks in Greece to decide whether the government in Athens was doing enough to merit more financial aid, amid mounting social tension over the government\'s austerity measures. Greek Prime Minister George Papandreou has said that Athens was making a \"superhuman effort\" to bring down its debt. Asian stock markets also mostly rose on Thursday, with Tokyo closing up 0.99 percent and Seoul rallying 2.68 percent. Sydney, however, slipped 0.77 percent. Hong Kong was closed due to a typhoon.

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 stocks rise on germany bailout boost Arab Today, arab today stocks rise on germany bailout boost

 



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 stocks rise on germany bailout boost Arab Today, arab today stocks rise on germany bailout boost

 



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 Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
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 Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
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 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

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