European shares slide ahead of U.S. payrolls data


05/05/2012 09:39 AST

Europe's top share index extended losses in midday trade as weak euro zone economic data, did little to boost risk appetite among investors ahead of U.S. jobs numbers and elections in France and Greece over the weekend.

Corporate earnings continued to impress, however, with Royal Bank of Scotland, BNP Paribas and Lafarge proving companies can still lift profits despite the austere economic backdrop.

The FTSEurofirst fell 6.31 points, or 0.6 percent to 1,038.08 by 1035 GMT, having traded in a 40-point range since early April. It found support around the 1,029 level, the 50 percent retracement of the LTRO rally that began mid-December.

For more on this Click Here

Reuters
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 27.92 1,471,156
TAWUNIYA 75.98 74,500
SABIC 66.71 9,783,428
ALMARAI 70.01 89,563
GISS 33 1,594,014
JULPHAR 2.5 271,293
RIBL 11.15 651,484
Recent News

VIVA Bahrain launches rewards programme
VIVA Bahrain has launched a telecom loyalty rewards programme in partnership with Kuwait-based Alshaya Group.

The agreement between the two companies enables points earned by the telecom f

BBK profit rises 6.2pc to $141m
BBK yesterday reported 6.2 per cent rise in net profit at BD53.2 million ($141m) for the year ended December 31 when compared with BD50.1m for 2014, with earnings per share of 50 fils as against 47 f

Gulf Industry Fair focuses on economic diversification
The Gulf Industry Fair 2016 (GIF) opening today under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa will see the unveiling of a series of events and initiat

Bank Muscat takes strong lead to win top honours in Best Brands survey
In recognition of distinctive brand-building initiatives, Bank Muscat, the flagship financial services provider in the Sultanate, has been voted the Best Brand in the banking segment in the annual B

RO 100m light industry city to come up in Oman
The Sultanate’s first integrated light industry city in Oman financed by the private sector sees immediate demand from auto industry.

At a cost of RO 100m the city will be constructed over 2

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?