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
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 78.01 9,796,677
TAWUNIYA 77.69 226,813
SAGRINSURANCE 19.18 377,706
JULPHAR 2.51 5,365
RIBL 14.4 790,786
SPIMACO 34.52 356,511
EMAAR 6.19 15,096,455
Recent News

Kuwait residential sales fall 28pc in July
Sales in Kuwait’s residential sector totalled KD98 million ($324 million) during July falling below the KD100 million mark for the first time in almost three years, reflecting a decrease of 28 per ce

Saudi Khurais oilfield expansion delayed
The expansion of Saudi Arabia's Khurais oilfield is expected to be delayed from the originally planned timeframe of 2017 and the start-up date is now unclear, industry sources said.

The s

DWC H1 cargo volumes climb 42%
Cargo volumes at Al Maktoum International - Dubai World Central (DWC) continued to rise sharply in the first half of 2015, as the airport continues to rise up the ranks of the top cargo airports worl

Dubai sends delegation to Kenya to boost exports and cooperation
The Dubai Department of Economic Development has sent a trade delegation to Kenya to drum up demand for exports as the UAE embarks on a broader diplomatic initiative in East Africa.

The d

6.68m passengers fly through Dubai International in July
Dubai International handled 6.68 million passengers in July, a 29.6 per cent increase on the same month last year when airport capacity was cut due to the runway refurbishment.

Dubai Inte

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

Poll

Which of the following do you think is the best long-term investment?