Growth scare sends European shares to 3-month low


24/04/2012 05:53 AST  Reuters

European shares fell to a three-month low in brisk volume on Monday and braced for a bumpy ride as worsening global economic conditions and political uncertainty in France and the Netherlands threatened to deepen the euro zone's crisis.

The pan-European FTSEurofirst 300 index fell 24.32 points, or 2.3 percent, to 1,021.76, a level not seen since mid-January, having traded 123.2 percent of its 90-day volume average.

The plunge came as data showed the euro zone's private sector unexpectedly slumped in April, denting the demand outlook for European corporates and potentially hampering governments' efforts to balance their budgets.

For more on this Click Here

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

JAN | FEB | MAR | APR
Most Viewed Companies
Ticker Price Volume
GFH 0.21
SECO 14.74 5,260,462
ADIB 6.78 826,911
DARALARKAN 12.5 47,357,023
NBAD 15.05 1,349,794
EMAAR 10.25 10,318,534
TAWUNIYA 40.82 2,721,642
Recent News

The advance in UAE markets stalls
The Dubai Financial Market General Index (DFMGI) fell by 77.18 or 1.59 per cent last week, ending at 4,762.21. Volume also fell, hitting a six-week low, while declining issues were a little more than

JPMorgan leaps to No 2 for Gulf bonds
JPMorgan Chase & Co is gaining ground in the debt markets of Gulf Co-operation Council states after the biggest US bank helped manage this month’s Islamic bond sale by Saudi Arabia’s utility.

QE Weekly Market Report
The Qatar Exchange (QE) Index gained 153.77 points, or 1.24%, during the trading week, to close at 12,550.98 points. Market capitalisation increased by 2.73% to reach QR728.6bn as compared to QR709.2

Kuwait stock market witnesses profit-collecting operations last week
Traders at Kuwait Stock Exchange (KSE) attempted last week to sell shares for profit-collecting purposes following a week of solid gains, however they neglected small-cap stocks thus causing losses a

DIBPL records profit of Rs211m, establishes 150 locations
The Board of Directors of Dubai Islamic Bank Pakistan Limited (DIBPL) recently held a meeting to approve its financial statements for the year ended December 31, 2013. DIBPL is a fully owned subsidia

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

Poll

Are you satisfied with your full-service broker?