European shares slide ahead of U.S. payrolls data


05/05/2012 09:39 AST  Reuters

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
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT
Most Viewed Companies
Ticker Price Volume
RIBL 21.02 1,298,840
EMAAR 11.7 18,297,984
SPIMACO 50.75 187,448
MESC 19.11 523,598
EEC 90.02 730,935
WALAA 34.19 967,506
SAGRINSURANCE 48.77 291,386
Recent News

DIFC introduces QIF as it further strengthens its offering to asset ma
Investors, regulators and tax authorities are pushing the choice of fund domicile to the fore with requirements for good corporate governance, transparency and financial regulation, while asset manag

Investcorp to complete sale of Berlin Packaging for $1.43 billion
Investcorp announced today that it remains on track to complete the previously announced sale of Berlin Packaging, a leading supplier of rigid packaging products and services in North America, to Oak

Transco Abu Dhabi invests in LED display solutions
TRANSCO is a subsidiary of Abu Dhabi Water & Electricity Authority (ADWEA) which is acknowledged as the regional leader in transmission of water, electricity and provision of related services within

Emirates NBD PJSC NZD 100,000,000 Fixed Rate Notes due 2019
Emirates NBD PJSC (Emirates NBD) have successfully issued NZD 100 million Fixed Rate Notes, maturing in October 2019, from their $7,500 million Euro Medium Term Note Programme.

The senior

Nakheel awards Dhs120 million contract for Al Furjan infrastructure
Developer Nakheel has awarded a contract worth almost Dhs120 million for infrastructure work at its Al Furjan master community in Dubai.

The contract – with Dubai-based Target & Jima Constru

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?