world stocks up on europe debt hope
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

World stocks up on Europe debt hope

Arab Today, arab today

Arab Today, arab today World stocks up on Europe debt hope

London - Arabstoday

World stocks have rebounded as pledges by European officials to resolve the region's debt problems once and for all helped soothe market jitters. Oil prices rose above 82 dollars per barrel while the dollar slipped against the euro and the yen. European shares were sharply up in early trading. Britain's FTSE 100 gained 2.2% to 5202.1, Germany's DAX jumped 3.2% to 5517 and France's CAC-40 rose 2.9% to 2943.4. Wall Street, too, was set for a higher opening, with Dow Jones industrial futures advancing 1.1% to 11095, while S&P 500 futures were 1.1% higher at 1170.7. The gains come on the heels of strong trading in Asia. Japan's Nikkei 225 shot up 2.8% to close at 8609.9, a day after shedding more than 2% and ending at its lowest level since April 2009. South Korea's Kospi rallied 5% to 1735.7, Hong Kong's Hang Seng jumped 4.2% to 18130.5 and Australia's S&P/ASX 200 index ended 3.4% higher at 4004.6. Investor sentiment improved after European ministers told a meeting of global finance leaders in Washington over the weekend that they would take bolder and more decisive steps to pull Greece back from the brink of bankruptcy. The country has only enough money to last until mid-October. But some traders remained sceptical, saying it was unrealistic to think that Europe would be willing or able to throw the amount of money needed to dig Greece out from under its staggering debt load. "Some of these eurozone nations cannot be bailed out," said Tey Tze Ming, a trader at Saxo Capital Markets in Singapore. "There's not enough cash to go around. The European banks stand to take a lot of pain on their balance sheets, which is what all this nervousness is about."

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*

world stocks up on europe debt hope world stocks up on europe debt hope

 



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*

world stocks up on europe debt hope world stocks up on europe debt hope

 



GMT 16:06 2012 Friday ,10 February

Lazareth Triazuma

GMT 20:33 2017 Friday ,15 September

Middle East hotel projects under contract up

GMT 22:42 2017 Thursday ,15 June

July24th-August23rd

GMT 13:20 2017 Thursday ,21 September

US Federal Reserve keeps interest rates unchanged

GMT 20:45 2016 Monday ,16 May

1st Saudi animation movie screened at Cannes

GMT 12:12 2017 Saturday ,02 December

Hackers could get even nastier

GMT 00:00 2016 Tuesday ,01 November

Nepal drains risky glacial lake near Everest

GMT 12:18 2017 Monday ,06 February

4 Things That Should Be Banned from Every House Decor
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday