2011年6月11日星期六

European stocks steady before we pay non-agricultural (AFP)

London (AFP) - European stock market said it and the euro flattened Friday in the midst of fears about the threat of the United States and as Athens payroll information sought to finalize a new contract of EU rescue plan and the IMF.

Benchmark FTSE 100 in London has dropped from 0.11% to 5,841.64 points, in trade of noon, and in Paris the CAC 40 index lost 0.24% at 3,880.86 while DAX 30 Frankfurt added 0.12 percent to 7,082.40.

For foreign exchange markets, the single European currency stood at $1.4490 $1.4491 at the end of New York on Thursday.

Critical data from non-farm compensation of the United States for may are planned for publication at 1230 GMT in the growing concerns on the largest economy in the world.

"The FTSE 100 water back to a large part of the session of the morning as traders eyed the utmost importance us jobs data with caution after disappointing severely the economic data, earlier in the week" said analyst City Index Joshua Raymond.

"A natural consequence of poor data from the United States on Wednesday was to restrict the activity of the side much buy enter into non-farm figures, as traders are not willing to add too much risk in their portfolios."

The estimate of the net non-farm jobs created consensus was crushed to 169,000 Thursday, of the previous forecast of 185 000.

Everywhere in Europe, Greek newspapers reported Friday that four weeks tortuous negotiations with the European Union, the IMF and the European Central Bank for a critical slice of the loan fund had concluded and that announcements were planned later today.

Athens needs to a slice of 12 billion euros ($17 billion), of a rescue loan of 110 billion euro overall of the three organizations to pay the Bills of the following month.

But with its economy still in the doldrums, Greece tries to broker additional loans of the so-called "troika" which has saved from bankruptcy last year.

"It seems that the Greek sovereign debt crisis fears have been replaced by fear about global growth as the chief pilot of the risk appetite,", noted analyst Kathleen Brooks Trade Forex.com site.

"The IMF/EU and the ECB are expected to make an announcement today that will report the conclusions of the audit of the troika on si Greece achieved its goals financial and privatization under the current regime of rescue."

"This announcement... will be the key to securing its next tranche of funds from the rescue plan of the Greece due later this month."

European shares were fell sharply lower Thursday, joining a fierce global sell-off as concerns grew up on a shot of dam of weak data.

Provided figures showing that a decline smaller than expected jobless claims last week has added to the anxiety, while payroll Wednesday said firm ADP private sector added 38,000 jobs in may, well below the 170 000.

Asian shares mostly sank Friday, with losses led by scanning after a warning from Moody might devalue the U.S. debt rating and miserable data.

Tokyo has dropped from 0.66% and closed Sydney 0.38% lower, while Hong Kong plunged 1.31% in value.

However, Shanghai gained 0.84% bargain hunting after the index hit a minimum of four months, on Thursday.

Investors received a weak lead from Wall Street, where the Dow Jones index dropped from 0.34% after a plunge of 2.22% Wednesday.


View the original article here

没有评论:

发表评论