EUROPE'S main stock markets have risen following the festive break and a rally in Tokyo, as traders focused on whether the United States would avert the 2013 "fiscal cliff" of tax hikes and spending cuts.
In late morning deals on Thursday, London's FTSE 100 index of top companies was up 0.18 per cent at 5,964.74 points compared with the close on Monday, its previous trading session.
The Paris CAC 40 grew 0.64 per cent to 3,675.99, also compared with Monday's close, while in Frankfurt the DAX 30 climbed 0.24 per cent to 7,654.21 points compared with its previous trading session last Friday.
In foreign exchange deals, the euro grew to $US1.3275 from $US1.3223 late in New York on Wednesday. Gold prices edged higher to $US1,657.75 an ounce on the London Bullion Market from $US1,655.25 on Monday.
"With most major stock markets returning from their Christmas break for a full day of trading, the spotlight will be once again on Washington where politicians will give it one more go to hammer out a deal which would avoid the US going over the fiscal cliff," said ETX Capital trader Markus Huber.
"Overall, even as chances of a last minute deal are diminishing quickly, not everybody is willing to bet just yet that the US will be going over the cliff."
European stocks rose despite overnight falls on Wall Street as investors fretted over the looming deadline for a series of tax hikes and spending cuts worth some $US600 billion ($A580.92 billion) due to take effect in January.
US lawmakers were to return to the negotiating table after the Christmas holidays in a last-ditch effort to reach a deal, with experts warning that going over the cliff could drive the world's biggest economy back into recession.
"The fiscal cliff continues to figure as the central worry within market considerations," said Joshua Mahony, research analyst at Alpari trading group.
Europe's main stock markets have meanwhile enjoyed strong gains over the year, largely thanks to a late 2012 rally on signs that the eurozone debt crisis was being tackled effectively.
Frankfurt has surged almost 30 per cent this year, while Paris has gained 16 per cent and London seven per cent in value.
In a reminder however that deep problems remain, shares in Spain's bailed-out lender Bankia plunged on Thursday after banking authorities said it had a negative of value of 4.148 billion euros ($A5.33 billion).
Shares in Bankia, which is at the heart of a crisis in the bad-loan ridden Spanish banking system, slumped 13.27 per cent to 59.5 cents in morning trade.
Madrid's main IBEX 35 shares index was down 0.11 per cent at 8,290.70 points. Spain's stock market has meanwhile fallen by about 3.0 per cent compared with the start of the year.
Anda sedang membaca artikel tentang
European stocks rise after festive break
Dengan url
https://petualanganseo.blogspot.com/2012/12/european-stocks-rise-after-festive-break.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
European stocks rise after festive break
namun jangan lupa untuk meletakkan link
European stocks rise after festive break
sebagai sumbernya
0 komentar:
Posting Komentar