european stocks flat in light holiday trading
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

European stocks flat in light holiday trading

Egypt Today, egypt today

Egypt Today, egypt today European stocks flat in light holiday trading

European stock markets were weaker in light holiday-season
London - Egypt Today

European stock markets were weaker in light holiday-season trading on Thursday, but London's FTSE 100 was still hovering close to its recent record highs on the back of strong commodity prices.

On the other side of the Atlantic, stocks on Wall Street pushed higher as a pullback in the dollar boosted shares of exporters.

But in Europe, London's FTSE ended the session flat, while Frankfurt's DAX 30 index and the Paris CAC were lower.

"Equity markets are once again mixed in thin market trading," said Accendo Markets analyst, Henry Croft.

For Oanda analyst Craig Erlam, it was "another relatively quiet day, as is often the case during the holiday period, and a lack of economic events on the calendar won't help matters."

AxiTrader analyst James Hughes said that the markets were "struggling for any real direction".

"With very little on the calendar out of Europe, it's likely to be numbers from the US that are the dominant force for any dollar moves," he said.

With many traders on holiday, the week between Christmas and New Year is traditionally a sleepy time for markets, among the least traded period of the year.

US stocks have had a banner year in 2017, boosted by an improving labour market, anticipation of the massive US tax cut plan that was signed into law last week by President Donald Trump, and improving economic conditions in other key regions.

Earlier in Asia, Hong Kong rose 0.9 percent and Shanghai gained 0.6 percent, while Sydney put on 0.3 percent.

But Tokyo finished 0.6 percent down after an afternoon sell-off fuelled by the strengthening yen, as traders fret over another possible North Korean missile test.

- Bitcoin tumbles -

Bitcoin sank more than $1,800, or 11 percent, to below $14,000 at 0600 GMT after South Korea said it would ban anonymous trading of virtual currencies and crack down on their links to money laundering activities.

It later recovered slightly to $14,346.

South Korea is one of main trading nations in bitcoin, accounting for about 20 percent of global transactions.

The digital unit has seen stratospheric growth this year, rising more than 25-fold from its January low to hit a record around $19,500 earlier this month, according to Bloomberg figures.

- Key figures around 1640 GMT -

New York - DOW: UP 0.2 percent at 24,817.08 points

London - FTSE 100: FLAT at 7,622.88 (close)

Frankfurt - DAX 30: DOWN 0.7 percent at 12,979.94 (close)

Paris - CAC 40: DOWN 0.6 percent at 5,339.42 (close)

EURO STOXX 50: DOWN 0.7 percent at 3,524.50

Tokyo - Nikkei 225: DOWN 0.6 percent at 22,783.98 (close)

Hong Kong - Hang Seng: UP 0.9 percent at 29,863.71 (close)

Shanghai - Composite: UP 0.6 percent at 3,296.38 (close)

Euro/dollar: FLAT at $1.1950

Pound/dollar: FLAT at $1.3447

Dollar/yen: FLAT at 112.86

Oil - West Texas Intermediate: DOWN 12 cents at $59.52 per barrel

burs-spm/ecl

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*

european stocks flat in light holiday trading european stocks flat in light holiday trading



GMT 09:23 2019 Friday ,30 August

Testing

GMT 17:09 2017 Friday ,29 December

At least 14 dead in Mumbai fire

GMT 13:44 2017 Thursday ,21 December

Nine-time champion Loeb set for 2018 cameo

GMT 13:08 2017 Tuesday ,26 September

Bahrain's aluminum industry thriving, manned by 12,184

GMT 08:50 2017 Sunday ,03 December

Reza Zarrab, the star witness unnerving Ankara

GMT 18:26 2018 Friday ,14 December

Mashrou’ Leila headline Apple event in Dubai

GMT 12:35 2018 Thursday ,01 November

UN chief appoints new special envoy for Syria

GMT 12:41 2016 Friday ,09 December

Blatter blasts Infantino over lack of respect

GMT 03:22 2011 Thursday ,05 May

The Leela Palace New Delhi opens

GMT 10:13 2015 Saturday ,03 January

Fashion East reveals AW15 men's presentation line-up

GMT 13:24 2017 Sunday ,13 August

Plane makes emergency landing at Cairo airport

GMT 11:06 2016 Thursday ,15 September

WADA urges Russia to stop doping hacks

GMT 14:05 2014 Thursday ,18 December

Airbnb in Amsterdam tourist tax deal, first in Europe

GMT 09:26 2016 Monday ,29 August

Egypt seeks tougher penalties

GMT 09:08 2018 Wednesday ,10 January

Federer eyes fresh 'fairytale' as Slam rivals struggle
 
 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