global markets mostly advance as dealers return from holiday
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

On a Federal Reserve meeting

Global markets mostly advance as dealers return from holiday

Egypt Today, egypt today

Egypt Today, egypt today Global markets mostly advance as dealers return from holiday

The Federal Reserve's latest policy meeting will be pored
London - Arab Today

Most European and Asian markets advanced Tuesday as investors returned  from a long holiday weekend, with eyes now on a Federal Reserve meeting and the release of US jobs data later in the week.

Another record close Monday on Wall Street's Nasdaq index provided some early buying impetus, while there was relief that lawmakers in Washington had finally hammered out a deal to avoid a costly shutdown of the US government.

In late morning European deals, London gained 0.5 percent, Paris added 0.4 percent and Frankfurt won 0.2 percent in value.

In Asia, Tokyo fizzed 0.7 percent higher, with a weaker yen boosting exporters. The greenback is pushing back above 112 yen, having fallen last month on worries about Donald Trump's ability to push through his pro-growth agenda.

Hong Kong rose 0.3 percent and Seoul added 0.7 percent by the close.

Meanwhile, Shanghai slipped 0.4 percent after official data at the weekend showed the pace of growth in China's factory activity slowed last month. A separate private reading on Tuesday revealed activity at its slowest pace in seven months.

There was some disappointment in figures last week showing that growth in the US, British and French economies all came in below expectations, dealers said.

Traders were however given a positive lead from Wall Street, where the Nasdaq ended at another record high, while Trump looked to ease tensions with North Korea by saying he would be "honoured" to meet the country's leader Kim Jong-Un under the right circumstances.

- Fed-watching ahead -

Attention turns now to the Fed's policy meeting Wednesday. While the central bank is expected to hold off on another interest rate rise, its statement will be pored over for clues about plans for the future. 

The gathering will be followed by Friday's release of job creation figures, which will give a better snapshot of the state of the world's top economy.

Banking shares were mixed after Trump said in an interview that he was reviewing a possible breakup of large US banks.

He told Bloomberg News he was considering a "21st century" version of the 1933 Glass-Steagall law that separated consumer lending and investment banking and was repealed in 1999 by President Bill Clinton.

"I'm looking at that right now," Trump said. "There's some people that want to go back to the old system, right? So we're going to look at that."

However, the Trump administration has not released details about what an eventual breakup plan might look like. 

- Key figures at 1100 GMT - 

London - FTSE 100: UP 0.5 percent at 7,238.43 points

Frankfurt - DAX 30: UP 0.2 percent at 12,460.85

Paris - CAC 40: UP 0.4 percent at 5,288.27

EURO STOXX 50: UP 0.2 percent at 3,567.26

Tokyo - Nikkei 225: UP 0.7 percent at 19,445.70 (close)

Hong Kong - Hang Seng: UP 0.3 percent at 24,696.13 (close)

Shanghai - Composite: DOWN 0.4 percent at 3,143.71 (close)

New York - Dow: DOWN 0.2 percent at 20,940.51 (close)

Euro/dollar: UP at $1.0917 from $1.0900 

Pound/dollar: UP at $1.2892 from $1.2888 

Dollar/yen: UP at 112.16 yen from 111.82 yen

Oil - Brent North Sea: UP 31 cents at $51.83 per barrel

Oil - West Texas Intermediate: UP 16 cents at $49.00

Source: AFP

egypttoday
egypttoday

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*

global markets mostly advance as dealers return from holiday global markets mostly advance as dealers return from holiday



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung

GMT 06:11 2012 Saturday ,15 September

Tunisia’s Media Conflict: Journalists fight for freedom

GMT 14:35 2015 Friday ,24 July

Awqaf Minister hails New Suez Canal project

GMT 16:34 2017 Thursday ,28 December

Hitler's Nazi-parade Mercedes set

GMT 11:22 2011 Monday ,10 October

Paul McCartney to play in Moscow in December

GMT 05:17 2015 Friday ,25 September

Pope expresses solidarity with Muslims after stampede

GMT 05:44 2012 Saturday ,21 April

ATV engine 95 HP

GMT 03:01 2011 Monday ,19 September

Laughter, tears at US television\'s Emmy awards

GMT 12:04 2012 Wednesday ,07 March

6 Music animation draws on 10 years of eclectic radio

GMT 01:00 2015 Sunday ,05 April

Barzani congratulates Abadi on Tikrit victory

GMT 13:24 2015 Thursday ,15 October

Tesla installs 'autopilot' update

GMT 06:17 2012 Monday ,02 January

Countries across the world celebrate the New Year

GMT 04:07 2016 Tuesday ,07 June

For new era of self-driving cars

GMT 08:21 2017 Saturday ,23 December

Saudi-Sudanese Deal to Ease Transfers

GMT 11:08 2017 Thursday ,21 December

Asian markets mostly down as tax cut euphoria wanes
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt 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 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday