European Equities Mostly Ahead At Open 12 July 2019
Mohammad Ali (@ChaudhryMAli88) Published July 12, 2019 | 12:54 PM
Europe's main stock markets mostly rose in opening deals on Friday, with London's benchmark FTSE 100 index up 0.1 percent at 7,519.31 points
London, (UrduPoint / Pakistan Point News - 12th Jul, 2019 ) :Europe's main stock markets mostly rose in opening deals on Friday, with London's benchmark FTSE 100 index up 0.1 percent at 7,519.31 points.
In the eurozone, the Paris CAC 40 added 0.2 percent to 5,589.68 points, but Frankfurt's DAX 30 slipped 0.1 percent to 12,318.94 compared with the closing level on Thursday.
Markets are on course for a broadly upbeat end to the week after Federal Reserve boss Jerome Powell's congressional testimony all but flicked the switch on a US interest rate cut at the end of the month.
A second day of testimony Thursday essentially reiterated his point.
His comments, which highlighted economic headwinds from the trade war and slowing global growth, sparked a rally on world markets.
"It may be a relatively quiet end to the week as traders digest the last two days of Powell's testimony and US data and weigh up the prospects for interest rates this year," noted Oanda analyst Craig Erlam on Friday.
Asian equities mostly rose Friday but gains were slight as investors applied the brakes after recent advances, with debate also focusing on the depth of an expected US interest rate cut.
The broad gains follow another record lead from Wall Street, where the Dow ended above 27,000 for the first time.
"Equity markets in the US rallied yesterday as traders remain hopeful the Federal Reserve will cut interest rates," noted analyst David Madden at CMC Markets UK.
"Dealers remain divided as the size of the cut and when we might see the rates being lowered, but the view across the board is that monetary policy will be loosened."
Related Topics
Recent Stories
Bugti assures transporters for addressing their problems
Deputy Prime Minister and Foreign Minister, Mohammad Ishaq Dar meets foreign min ..
3 drug peddlers arrested, hashish recovered
1496,990 children given polio drops in five days: DC
Six terrorists killed, hideout busted in N Waziristan IBO: ISPR
Pakistan, Qatar agree to further expand trade, investment ties
Sindh cabinet approves Rs177.5m to strengthen, mobilize various wings of police
Faisal Karim Kundi takes oath as new KP Governor
Azad Jammu and Kashmir Prime Minister Anwaar ul Haq Chaudhry seeks more vibrant ..
Tahaffuz Manzil Foster Home providing care & support to homeless children
PCB proposes April 7 -May 20 window; tweaks in rules for HBL PSL 2025
Field hospitals now operational across Punjab: Azma Bukhari
More Stories From Business
-
CRD survey unveils 18% Pakistanis quit smoking
11 hours ago -
NTUF granted patent for Innovative Multilayered Natural Fiber Composite Helmet
12 hours ago -
New industrial policy to be announced soon: Rana Tanveer
12 hours ago -
Commissioner orders implementation price control mechanism in toto
12 hours ago -
Jam Kamal holds meeting to tackle border area challenges
16 hours ago -
Speakers in TIIF for improving, corporate governance system in Uzbekistan
15 hours ago
-
Pak-Uzbek business community welcomes KSA’s $20 billion investment in Uzbekistan
16 hours ago -
BF leader calls retaining policy rate highest level ‘unfair
15 hours ago -
Equipping with essential skills vital for economic growth: Ahsan Iqbal
17 hours ago -
Gold rates dip by Rs.1,600 per tola to Rs. 238,000
18 hours ago -
Jam Kamal holds meeting to tackle border area challenges
18 hours ago -
China's fixed-asset transport investment hits 712.5 bln yuan in Q1
19 hours ago