European shares traded lower on Thursday as investors cashed in on a four-day rally after the U.S. Federal Reserve stopped short of announcing a more aggressive form of monetary stimulus and China and Germany unveiled another batch of weak economic data.
The Fed extended an existing bond programme aimed at bringing down long-term borrowing costs and stimulating growth, a move the market had largely priced in, but held fire on a new round of quantitative easing that some investors had hoped for.
"The rally that we have seen recently has been built on QE expectations; you are obviously going to see a degree of profit taking," said Ishaq Siddiqi, market strategist at ETX Capital.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.