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.
Agriculture sector advances 1.3%
The Saudi stock market continued its positive movement and managed a fourth straight rise on Wednesday, accumulating more than 56 points.
The Tadawul All-Share Index (TASI) set out with 5.6
Savola Group gains on ENBD comments
After two days of lackluster trading, the Saudi Tadawul market index TASI woke up from its lethargy and closed 0.53 per cent higher at 10,716.24 points on Wednesday, Aug. 20.
SABIC was up by 0.30 pe
Dubai landlords feel ‘locked in’ by low rents
A landlord in the Arabian Ranches is at his wits’ end. His villa with a pool has a tenant who moved in last year for an annual rent of Dh255,000. When the contract was due for renewal this May, the l