Friday, March 24, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Economy & Trade

European stocks fall on central bank uncertainty after good data

AFPbyAFP
June 24, 2021, 9:30 am
in Economy & Trade
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

European stocks retreated Wednesday as strong eurozone data added to worries about shifting central bank policies, while the Nasdaq edged to a fresh record on Wall Street.

Business activity in the eurozone jumped at its fastest rate in 15 years this month, according to a report from IHS Markit that pointed to rising momentum as coronavirus vac, cines become widespread.

This "brightening prospect of life increasingly returning to normal has… pushed confidence to an all-time high, fueled greater spending and encouraged hiring," said Chris Williamson, chief economist at IHS Markit.

IHS Markit's PMI index — which shows the earliest trends in manufacturing and service sectors — said eurozone activity leapt from 57.1 in May to a booming 59.2 in June, far above the 50-point level that indicates growth.

If the eurozone economy is booming, its stocks were a bust, with Frankfurt's DAX 30 index tumbling 1.2 percent, and the CAC 40 in Paris falling 0.9 percent.

ADVERTISEMENT

"Good data is still perhaps to be viewed as bad news, since it pushes central banks towards gradually tightening policy," said market analyst Chris Beauchamp at online trading platform IG.

Wall Street stocks finished little changed following a directionless session. The Nasdaq edged to a second straight record, while the S&P 500 ultimately finished with modest losses after flirting with a record of its own.

Briefing.com analyst Patrick O'Hare noted that Wall Street has pretty much recovered ground lost last week, when fears that the Federal Reserve would hike rates and wind down stimulus support to ward off inflation caused the market to turn in its worst weekly performance since last October.

O'Hare said stocks are back to trading on expectations of an increase in commodity prices, with traders gravitating towards sectors that will benefit from the reopening of global economies.

Meanwhile, oil prices rose further as expectations rise of higher demand as economies come back online, with some analysts saying crude reaching $80 a barrel is increasingly possible.

Analysts said the lack of progress on the Iran nuclear deal was also providing support, since it delay the return of supplies to the global market from the major producer.

– Key figures at 2115 GMT –

New York – Dow: DOWN 0.2 percent at 33,874.24 (close)

New York – S&P 500: DOWN 0.1 percent at 4,241.84 (close)

New York – Nasdaq: UP 0.1 percent at 14,271.73 (close)

London – FTSE 100: DOWN 0.2 percent at 7,074.06 (close)

Frankfurt – DAX 30: DOWN 1.2 percent at 15,456.39 (close)

Paris – CAC 40: DOWN 0.9 percent at 6,551.07 (close)

EURO STOXX 50: DOWN 1.1 percent at 4,075.94 (close)

Tokyo – Nikkei 225: FLAT at 28,874.89 (close)

Hong Kong – Hang Seng Index: UP 1.8 percent at 28,817.07 (close)

Shanghai – Composite: UP 0.3 percent at 3,566.22 (close)

Euro/dollar: DOWN at $1.1932 from $1.1940 at 2100 GMT

Pound/dollar: UP at $1.3962 from $1.3949

Euro/pound: DOWN at 85.39 pence from 85.60 pence

Dollar/yen: UP at 110.95 yen from 110.65 yen

Brent North Sea crude: UP 0.5 percent at $75.19 per barrel

West Texas Intermediate: UP 0.3 percent at $73.08 per barrel

Tags: businessEuropean stocksmarket
ADVERTISEMENT
AFP

AFP

Related Posts

Bangko Sentral delivers another 25 bps rate hike to stem inflation

byJulito G. Rada
March 23, 2023, 7:15 pm
0
8
Online portal to accelerate digital shift of education system

The Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas, delivered another 25-basis-point increase in key interest rates on...

Read more

Moody’s affirms BDO’s credit rating

byJulito G. Rada
March 23, 2023, 6:10 pm
0
8
Moody’s says PH to outshine most countries

Global credit watchdog Moody’s Investors Service affirmed the “Baa2” investment grade rating of BDO Unibank Inc. with a stable outlook...

Read more

UK inflation unexpectedly accelerates to 10.4%

byAFP
March 22, 2023, 6:45 pm
0
8
Banaag assumes post as Bright Kindle director

LONDON, United Kingdom—British annual inflation unexpectedly accelerated in February despite central bank efforts to tame a growing cost-of-living crisis, official...

Read more

Millers seek retention of MFN tariff on imported wheat flour

byOthel V. Campos
March 21, 2023, 10:55 pm
0
8
PH extends anti-dumping duty on flour from Turkey

Flour millers are calling for the retention of most favored nation tariff on imported wheat flour or meslin flour and...

Read more

BOP yielded deficit of $895m in February

byJulito G. Rada
March 21, 2023, 8:00 pm
0
8
Policy rate kept at 2% in MB’s last meeting this year

The country’s balance of payments position in the first two months remained at a surplus of $2.2 billion, a reversal...

Read more

Kia PH sees 15% increase in 2023 sales

byOthel V. Campos
March 21, 2023, 7:15 pm
0
8
Kia expects auto sales to rebound in fourth quarter

Kia Philippines is looking at a 15-percent increase in 2023 vehicles sales to 5,763 units from 5,012 units delivered in...

Read more

Print Edition

View More

Recent Posts

  • Tokyo Bubble Tea launches Brown Sugar series
  • Celebrating the Sakura Festival in the metro
  • SM Hotels & Conventions Corp. (SMHCC) strengthens partnership with Radisson Hotel Group (RHG)
  • Lee Min-ho greets Filipino fans
  • Making sustainable, resilient communities accessible to all Filipinos
  • Coffee Project makes it to World’s Top 50 Instagrammable Cafes
  • ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION: Notice of Annual Stockholders’ Meeting
  • MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

Advertisement

Latest News

Coffee Project makes it to World’s Top 50 Instagrammable Cafes

byManila Standard
March 24, 2023, 12:00 pm
0
8
Coffee Project makes it to World’s Top 50 Instagrammable Cafes

Coffee Project is the sole coffee shop in the Philippines to make it to the Top 50 Most Instagrammable Cafes...

Read more

ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION: Notice of Annual Stockholders’ Meeting

byManila Standard
March 24, 2023, 6:30 am
0
8
Atlas booked P1.94-billion profit in six months

Read more

MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

byManila Standard
March 24, 2023, 6:00 am
0
8
MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

Read more

Sneakers for Makati : AB4.0

byManila Standard
March 24, 2023, 2:10 am
0
288
Sneakers for Makati : AB4.0

Read more

Damage claims on oil spill set

byCharles Dantesand1 others
March 24, 2023, 2:00 am
0
8
PBBM looks at faster cleanup of oil spill, Japan sends expert help

Processing of pay demands of affected sectors starts on Monday People affected by the oil spill in Oriental Mindoro may...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App