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Tag Archives: eurozone

European stocks slip over 2%, FTSE 100 falls 2.1%

GREECE: Global stock markets have tumbled as oil value hit new five-year low, China held tight on speculative trading and Greece sparked changed worries about the eurozone. “Misery loves company; never has this been truer than on the markets today,” Connor Campbell, analyst at Spreadex traders, said. “Another round of poor economic data, more volatility from the permanently volatile Greece ... Read More »

London FTSE 100 index ends 0.56% higher, Frankfurt’s DAX gains 1.61 %

LONDON: European stock markets and the euro pursued privilege as financier response had recovered in Germany in a sign that the eurozone’s major economy is defeating depression. London’s benchmark FTSE 100 index rose 0.56 percent to end the day at 6,709.13 points, while Frankfurt’s DAX 30 motored ahead 1.61 percent to 9,456.53 points and in Paris the CAC 40 climbed ... Read More »

BOK keeps key rate unchanged at 2% after 0.25pc cut in Aug

SEOUL: The Bank of Korea (BOK) Thursday announced that it kept its key rate unchanged at 2 percent, amid lingering uncertainties with the global economy. The rate freeze comes after the central bank cut its rate by 0.25 percentage points in both August and September. The BOK’s decision reflects an economy that is recovering slowly, with consumer sentiment remaining sluggish ... Read More »

Dollar stable in Asia ahead of Fed meeting

TOKYO: The US dollar was steady in Asia on Wednesday as traders eye the outcome of a Federal Reserve policy meeting later in the day. The greenback fetched 108.12 yen in afternoon Tokyo trade against 108.16 yen in New York. The euro was nearly flat at $1.2737 from $1.2733 and 137.73 yen against 137.74 yen. Currency markets were stuck in ... Read More »

France, Germany lock horns over $63.8 billion stimulus plan

BERLIN: France and Germany locked horns over a crucial 3-year stimulus programme of $63.8 billion, widening the rift in the eurozone. The call from French Finance Minister Michel Sapin and Economics Minister Emmanuel Macron came the same day they were scheduled to meet their German counterpart in Berlin. The proposal arrived as a counterpoint to Berlin’s continued emphasis on spending ... Read More »

G20 grapples with growth targets as eurozone drags

CAIRNS, Australia: Finance ministers from G20 nations meet in Cairns this weekend as they grapple with how to achieve a lift in global growth by two percent while being held back by a sickly eurozone recovery. Strengthening global growth, creating jobs and how to achieve this is the Group of 20’s top priority under Australia’s rotating presidency, along with making ... Read More »