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

Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 17.5 230,257
BRES 32.8 171,728
RIBL 9.8 517,620
NBAD 8.6 683,073
DIB 5.26 3,257,711
Recent News

Real estate, industrials stocks push QSE below the 10,400 mark
Real estate and industrials stocks drove the Qatar Stock Exchange below the 10,400 mark. Foreign and Gulf institutions’ net selling pressure was visible as the 20-stock Qatar Index fell for the sixt

Dollar strength symbolises Fed rate hike and allied impact on other cu
The US dollar hovered near a roughly nine-month high against a basket of major currencies on growing expectations of a Federal Reserve interest rate increase in December.

The dollar index, w

Al Meera Group’s Q3 gross profit up 6.2% to QR313.9mn
Al Meera Group gross profit has increased from QR295.5mn to QR313.9mn in the third quarter of 2016, up 6.2% or QR18.4mn over the same period last year, it was announced in a statement.


QEWC reports 8% increase in y-o-y net profit to QR1.23bn
Qatar Electricity and Water Company has reported an 8% increase in its year-on-year net profit to QR1.23bn, translating into earnings-per-share of QR11.21 on sales of QR2.33bn in the first nine month

UAE Exchange to acquire Indian online remittance business
UAE Exchange, the global remittance, foreign exchange and payment solutions brand, on Wednesday said that it has reached a deal to acquire the online remittance business ‘Remit2India’ from TimesofMon

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


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