Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Europe stocks little changed with Fed tapering, Syria talks in play  Join our daily free Newsletter

MENAFN - ecPulse - 12/09/2013
No. of Ratings : 0
Add to Mixx!



(menafn – ecpulse)

Most European stocks were trading higher early Thursday extending recent rallies as Syria tension eased. Focus remains on US and Syria talks on the Russian proposal Thursday, in line with the weekly jobless claims as investors turn attention towards next week’s FOMC decision.

The Middle East tension surely eased in markets with the diplomatic developments and after Syria’s acceptance of the Russian proposal that pushed President Obama from backing down on an immediate military action against Syria.

Investors will still keep track of developments in Syria talks as Secretary of State John Kerry meets his Russian counterpart Foreign Minister Sergei Lavrov in Geneva to discuss the proposal for Syria to surrender its chemical weapons to international control.

-STOXX 600 is trading higher by 0.03% at 310.97

-STOXX 50 trading higher by 0.03% at 2864.24

Europe’s main gauge, STOXX 600 is holding onto the gains and extended September’s gains to trade at the highest since nearly June 2008 as the political tension unwinds and the economic outlook for Europe picks up led by positive developments in UK and the euro area which also is supported by support from expansionary monetary policies.

The gains remain at risk of renewed political tension after the meeting between the US and Russia today and as well the bets on Fed tapering as the FOMC prepares to meet next week.

Investors are still betting that the Fed will make the decision on withdrawing some stimulus when they meet even after the major August jobs report was disappointing.

-DAX is trading higher by 0.06% at 8500.66

-CAC 40 us trading lower by 0.07% at 4116.23

-FTSE 100 is trading higher by 0.14% at 6597.63

-IBEX 35 is trading higher by 0.68% at 8935.60

-FTSE MIB is trading lower by 0.07% at 17550.44

Investors remain cautious especially after gains, as they embrace for key two weeks in the coming period, the FOMC next week will have its impact on markets especially if the Fed indeed deliver the expected tapering, and that will be followed the week after with the German elections that might have its impact on euro area policies in combating the debt crisis that risks of which so far seem at bay.

Economic developments are mainly positive from Europe, US and Asia but the debt crisis has not totally elapsed from markets and the results of the election in Germany might spark worries again, especially with headlines are once again capturing Greece’s needs for another bailout!


 


ecPulse




  MENA News Headlines
 Apr 17 2015 - UAE's Emaar Properties expects USD1.01b net profit in 2015MENAFN
(MENAFN) Dubai-based Emaar Properties expects an accumulated net profit of about USD1.01 billion in 2015, showing an increase over analysts' forecasts, according to a corporate presentation, Reuters ...

 Apr 17 2015 - UAE imports USD199.3m of Swedish woodMENAFN
(MENAFN) The UAE imported a total of USD199.3 million worth of wood from Sweden, marking 25 percent of the European country's wood exports to the region, Emirates News Agency reported.Sweden exported ...

 Apr 17 2015 - Tunisia signs USD106.31m loan with European CommissionMENAFN
(MENAFN) The government of Tunisia is set to receive USD106.31 million loan from the European Commission who approved the payment on behalf of the EU, Kuwait News Agency reported.The sum comprises ...

 Apr 17 2015 - Al Rayyan and Al Ahli register winsThe Peninsula
(MENAFN - The Peninsula) Cage Calvin (right) of Al Wakrah attempts to break through the Al Rayyan defence during the Qatar Basketball Cup 2015 at Al Gharafa Stadium yesterday. Al Rayyan won 102-74. ...

 Apr 17 2015 - Ice-hockey: Czech star Jaroslav Holik dies aged 72The Peninsula
(MENAFN - The Peninsula) Prague - Czech ice-hockey legend Jaroslav Holik, who led his country's under-20 team to world titles in 2000 and 2001 as a coach, has died at the age of 72, local media said ...

 Apr 17 2015 - Figure skating: World Team Trophy resultsThe Peninsula
(MENAFN - The Peninsula) Tokyo - Results from figure skating's World Team Trophy in Tokyo on Friday:Pairs short programme1. Sui Wenjing/Han Cong (CHN) 71.20 points2. Meagan Duhamel/Eric Radford (CAN) ...

 Apr 17 2015 - Qatar Exchange gains 113.62 points regional bourses bullishThe Peninsula
(MENAFN - The Peninsula) Qatar Exchange index continued its green run yesterday, gaining 113.62 points, or 0.96 percent when the bourse closed trading at 11,947.45 points. Indices of all sectors made ...

 Apr 17 2015 - Qatari stocks break 12,000 mark, up 0.3pThe Peninsula
(MENAFN - The Peninsula) Qatari stocks broke the psychological 12,000 mark in intraday trade yesterday before finishing slightly lower at 11,987, up 0.3 percent from the previous session. The ...

 Apr 17 2015 - Building raw materials to be cheaper soonThe Peninsula
(MENAFN - The Peninsula) The basic building raw materials such as gabbro and limestone in the local market are likely to become cheaper in the near future due to stiff competition among importers, ...

 Apr 17 2015 - Barwa buys Saudi residential compound in SR300m dealThe Peninsula
(MENAFN - The Peninsula) The First Investor (TFI), the investment banking division of Barwa Bank Group (BBG), announced the acquisition of a residential compound in Riyadh by Manazel Compounds Real ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help