asian stocks euro pressured by french election worries
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Asian stocks, euro pressured by French election worries

Egypt Today, egypt today

Egypt Today, egypt today Asian stocks, euro pressured by French election worries

Oil Production
Hong Kong - Arab Today

Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds. 

Political concerns have been at the front and center of investors' minds over the past week or so, with markets wary about the outcome of the French elections in the wake of Brexit

The premium investors demand to hold French bonds instead of German debt rose to its highest since late 2012 after a poll showed the far-right Marine Le Pen narrowing the gap with more centrist opponents. 

MSCI's broadest index of Asia-Pacific shares outside Japan was flat in opening trades on Tuesday and held below a 19-month peak hit last Thursday. The index is up more than 11 percent since Dec. 23. 

Australian stocks were down with investors watching first half results from the world's biggest miner by market value, BHP Billiton later in the day. The company has been struggling to find a way forward after a 12-day strike at its Chilean copper mine Escondida. 

In currency markets, the euro eased to ê1.06090, having moved little on Monday, due partly to the absence of U.S. investors because of a holiday. It has fallen 1.75 percent so far this month. 

Against the yen, the euro traded at 120.15 yen, off from lows of 119.65 yen on Monday. 

The latest French poll overshadowed optimism that Greece may avert another crisis after a government official said the country had agreed with euro zone finance ministers to resume no resume negotiations over its bailout review. 

Fears that cooperation on the left could lead to a run-off between Socialist candidate Benoit Hamon or hard-left candidate Jean-Luc Melenchon and Le Pen, eliminating three main moderate candidates, have dogged the euro since Friday when the two leftists said they were discussing such cooperation. 

In a morning note, ANZ strategists noted that widening European bond spreads represented a tightening in financial conditions at a time when the European central bank is low on fire-power. 

Oil prices were broadly steady after having suffered the first weekly decline in five weeks as the market weighed rising U.S. drilling and record stockpiles against efforts by major producers to cut output to reduce a global glut. 

Brent futures were steady at ê56.18 a barrel, while U.S. West Texas Intermediate crude for April delivery added 0.4 percent to ê53.60 a barrel. ---Reuters

Source :NNA

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*

asian stocks euro pressured by french election worries asian stocks euro pressured by french election worries



GMT 08:02 2015 Tuesday ,15 September

No snow: Californian water source at 500-year low

GMT 15:25 2018 Wednesday ,14 November

Friedrich Merz vows to steal half of AfD voters

GMT 06:53 2017 Saturday ,18 February

G20 foreign ministers vow to fight poverty in Africa

GMT 14:27 2017 Friday ,10 March

Hypercars mingle with station wagons

GMT 13:13 2011 Friday ,16 December

Hyundai i-oniq Concept for Geneva 2012

GMT 11:53 2011 Monday ,26 September

Guerrero: We’ve got Peruvians dreaming

GMT 18:17 2016 Sunday ,18 December

Iraqi warplanes bomb Daesh warehouses

GMT 16:54 2017 Sunday ,15 January

26 killed as Hadi forces push Houthis back

GMT 04:29 2016 Saturday ,25 June

A New Generation of Robots is Ready for the Market

GMT 12:31 2011 Saturday ,26 November

Google working on OnLive rival for Chrome OS

GMT 23:18 2017 Wednesday ,01 March

Dh4.2m lawsuit against George Wassouf thrown out

GMT 12:57 2018 Tuesday ,09 January

German industrial orders dip in November

GMT 07:18 2018 Sunday ,07 January

Palestinians mark Orthodox Christmas

GMT 02:09 2017 Sunday ,08 January

Downtown Dubai is a place to be on New Year’s Eve

GMT 06:32 2018 Wednesday ,03 January

A Weathered Penny appoints

GMT 10:14 2015 Tuesday ,11 August

Woman drowns in Dubai after father blocks rescue

GMT 13:51 2013 Friday ,25 January

Billy Bragg to get BBC Folk Award

GMT 00:30 2012 Thursday ,27 September

Causes of snoring in pregnancy revealed

GMT 08:30 2016 Sunday ,10 April

War photographer and mother, the woman

GMT 14:06 2012 Thursday ,26 July

Depression linked to artificial light

GMT 05:44 2011 Tuesday ,19 April

New hope for secretive rare animal

GMT 18:53 2012 Tuesday ,27 November

Radio host suspended over anti-Semitism
 
 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