Wednesday, 24 April 2013 19:14
Posted by Abdul Ahad
LONDON: Europe's main stock markets extended gains on Wednesday on growing expectations of an interest rate cut by the ECB following poor German economic data.London's FTSE 100 index of leading companies rose 0.21 percent to stand at 6,419.49 points in afternoon deals, while Frankfurt's DAX 30 climbed 0.60 percent to 7,703.97 points and in Paris the CAC 40 won 0.97 percent to 3,819.89 points.In foreign exchange trade, the euro dipped to $1.2990 from $1.2997 late on Tuesday in New York. The dollar which again neared the 100 yen level in early trading, stabilised back to 99.44 yen compared to 99.48 on Tuesday.On the London Bullion Market, gold climbed to $1,424.50 an ounce from $1,408 Tuesday."Following yesterday's weak PMI (private sector economic) data we have had a poor German IFO survey, further reinforcing market speculation of a rate cut from the ECB," noted CMC Markets trader Nick Dale-Lace.German business confidence took ...
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LONDON: Europe's main stock markets extended gains on Wednesday on growing expectations of an interest rate cut by the ECB following poor German economic data.London's FTSE 100 index of leading companies rose 0.21 percent to stand at 6,419.49 points in afternoon deals, while Frankfurt's DAX 30 climbed 0.60 percent to 7,703.97 points and in Paris the CAC 40 won 0.97 percent to 3,819.89 points.In foreign exchange trade, the euro dipped to $1.2990 from $1.2997 late on Tuesday in New York. The dollar which again neared the 100 yen level in early trading, stabilised back to 99.44 yen compared to 99.48 on Tuesday.On the London Bullion Market, gold climbed to $1,424.50 an ounce from $1,408 Tuesday."Following yesterday's weak PMI (private sector economic) data we have had a poor German IFO survey, further reinforcing market speculation of a rate cut from the ECB," noted CMC Markets trader Nick Dale-Lace.German business confidence took ...
LONDON: Britain's top share index hit three week highs on Wednesday, with weak German data bolstering expectations of a rate cut in the euro zone and sending investors into equities in search of yield.German business morale, as measured by the keenly-watched Ifo index, tumbled in April, missing even the most pessimistic economist's forecast.Although signs of weakness in the euro zone economy are bad news for British companies given strong trade links, equity markets put a ...
LONDON: European stock markets advanced solidly Tuesday as traders brushed aside weaker-than-expected economic data out of Germany and China to focus on positive earnings news, analysts said.London's FTSE 100 index of leading companies rose 0.96 percent to stand at 6,340.20 points approaching midday.Frankfurt's DAX 30 won 0.78 percent to 7,535.76 points and in Paris the CAC 40 jumped 1.83 percent to 3,719.08.In foreign exchange deals, the euro fell to $1.2986 from $1.3059 late on Monday ...
SAO PAULO: Brazilian stocks climbed on Monday as investors piled back in to troubled oil firm OGX on reports of a stake sale.Mexico's IPC index edged higher, while Chile's bourse fell 0.32 percent.Brazil's benchmark Bovespa stock index rose for the third day in a row, adding 0.68 percent to 54,297.73.Shares of OGX Petroleo e Gas Participa??es SA, the oil company controlled by Brazilian billionaire Eike Batista, soared nearly 20 percent, driving the index into positive ...
LONDON: European stocks rose Monday with market focus on Asia, as the dollar spiked close to 100 yen after the G20 cautiously endorsed the Bank of Japan's huge stimulus measures, dealers said.In afternoon deals, London's benchmark FTSE 100 index of top companies rose 0.27 percent to 6,303.59 points, as investors also shrugged off Friday's news that Fitch had axed Britain's triple-A credit rating.Frankfurt's DAX 30 index gained 0.58 percent to 7,503.23 points and in Paris ...
LONDON: The Japanese yen weakened toward 100 to the dollar on Monday and shares rose after the G20 accepted Japan's bold stimulus policies, helping to counter the gloom over the global growth outlook.US stock index futures also pointed to a higher open on Wall Street, where the focus is on quarterly corporate results and whether these suggest further weakness ahead.In its communique after a two-day meeting, the G20 avoided any direct criticism of Japan's policies ...
