Al-Sisi reviews Egypt's food security, strategic commodity reserves    Egypt signs strategic agreements to attract global investment in gold, mineral exploration    Syria says it will defend its territory after Israeli strikes in Suwayda    Egyptian Exchange ends mixed on July 15    Suez Canal vehicle carrier traffic set to rebound by 20% in H2: SCA chief    Tut Group launches its operations in Egyptian market for exporting Egyptian products    China's urban jobless rate eases in June '25    Egypt's Health Minister reviews drug authority cooperation with WHO    Egypt urges EU support for Gaza ceasefire, reconstruction at Brussels talks    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt, Mexico explore joint action on environment, sustainability    Egypt, Mexico discuss environmental cooperation, combating desertification    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



European markets end lower, Trump issues health-care vote ultimatum
Published in Amwal Al Ghad on 25 - 03 - 2017

European markets ended lower on Friday amid investor uncertainty over a delayed vote on U.S. President Donald Trump's health-care bill.
The pan-European STOXX 600 closed 0.18 percent lower with most sectors in negative territory.
Insurance stocks were among the worst performers on Friday, down by 0.56 percent with several stocks in the sector moving lower.
Netherlands-based insurance group Aegon released its annual report and forecast several financial and economic uncertainties ahead. Its shares were over five percent lower.
Oil and gas stocks also moved lower with all major European stocks in the sector heading south.
Total was among the worst performers after it reported its 2016 turnover had slipped by $16 billion from the year previous to $152 billion in 2016. Total's shares were 0.6 percent lower.
German technology firm Rheinmetall announced on Friday it had formed a joint venture with Rohde & Schwarz to compete for two major procurement projects, according to a Reuters report. Its shares were close to the top of the Stoxx 600, trading over 4 percent higher on Friday.
Infineon, the chip maker, climbed 9 percent after raising its guidance. On the data front, the composite Purchasing Managers Index (PMI) for the euro zone came in stronger-than-anticipated, rising to 56.7 from 56.0.
The flash reading represents the highest first quarter average in six years.
Sterling slipped against the dollar on Friday after gains made in the previous session following stronger-than-expected U.K. retail sales data for February.
Sterling fell by around 0.2 percent to $1.2492. In the U.S., markets opened slightly higher as investors watched for a repeal of Obamacare.
Trump warned House Republican lawmakers on Thursday that he is prepared to leave Obamacare unchanged and move on to tax reform if they do not vote in favour of new health-care legislation on Friday.
Elsewhere, Russia's central bank somewhat unexpectedly announced its decision to cut interest rates to 9.75 percent on Friday.
The bank also signaled more rate cuts in the coming months as inflation rates appeared to align with target levels.
Source: CNBC


Clic here to read the story from its source.