Sunday, July 3, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Stocks

European stocks droop; Paris hit by glitch

AFPbyAFP
October 20, 2020, 10:00 am
in Stocks
Reading Time: 3 mins read
A A
73
SHARES
Share on FacebookShare on TwitterShare on Email

Major European stock markets dropped Monday as a technical hiccup hit Paris and investors weighed the chances of a US stimulus package, dealers said.

At the delayed closing bell, the Paris benchmark CAC 40 index had given up 0.1 percent, after it was shut for three hours early in the day owing to an unspecified technical problem according to operator Euronext.

Frankfurt slipped by 0.4 percent, while Madrid gained 0.2 percent.

London lost 0.6 percent as sterling rose, which weighs on the share prices of multinationals earning in dollars.

In New York, the Dow Jones index was 0.2 percent lower in midday trading.

ADVERTISEMENT

In Asia, most bourses advanced on hopes for a new US coronavirus stimulus plan, though Shanghai turned lower after data showed China's economy had grown at a slower pace than expected.

World oil prices were mixed on the Chinese data, ahead of a monthly gathering of crude-producing nations.

Stimulus plan

High among items that investors tracked was the potential for more US fiscal stimulus ahead of the November 3 presidential election that pits President Donald Trump against challenger Joe Biden.

"The sluggish performance suggests investors are tired of false hopes and want to see some solid action rather than just empty promises," remarked Fawad Razaqzada at ThinkMarkets.com.

Time is running out for US lawmakers to reach an agreement on coronavirus support, but Razaqzada noted that traders were also wary of dumping stocks because "all it takes is a tweet or two from Trump to send the markets surging higher."

At the weekend House Speaker Nancy Pelosi set a Tuesday deadline for a deal, while Trump urged his Republican Party to offer more than the $1.8 trillion they have put forward, adding that he would be willing to go higher than the Democrats' $2.2 trillion proposal.

Pelosi and Treasury Secretary Steven Mnuchin held talks over the weekend and more were planned on Monday.

In London, traders remained on edge over the possibility that Britain and the European Union will not reach a post-Brexit trade agreement after Prime Minister Boris Johnson last week said he was ready to walk away without one.

With the two sides blaming each other for a lack of movement, senior British minister Michael Gove on Sunday said he was still hopeful there would be a deal.

In Asia, investors digested news that China's economy expanded at a slower rate than expected in July-September.

The 4.9 percent rate was short of the 5.2 percent tipped by analysts in an AFP poll, but it was a big improvement on the previous quarter.

Key figures around 1745 GMT

London – FTSE 100: DOWN 0.6 percent at 5,884.65 points (close)

Frankfurt – DAX 30: DOWN 0.4 percent at 12,854.66 (close)

Paris – CAC 40: DOWN 0.1 percent at 4,929.27 (close)

Madrid – IBEX 35: UP 0.2 percent at 6,860.20 (close)

EURO STOXX 50: DOWN 0.3 percent at 3,235.16

New York – Dow Jones: DOWN 0.2 percent at 28,539.06

Tokyo – Nikkei 225: UP 1.1 percent at 23,671.13 (close)

Hong Kong – Hang Seng: UP 0.6 percent at 24,542.26 (close)

Shanghai – Composite: DOWN 0.7 percent at 3,312.67 (close)

Euro/dollar: UP at $1.1787 from $1.1718 at 2100 GMT

Dollar/yen: UP at 105.43 yen from 105.40 yen

Pound/dollar: UP at $1.2995 from $1.2915

Euro/pound: DOWN at 90.70 pence from 90.73 pence

West Texas Intermediate: UP 0.2 percent at $41.05 per barrel

Brent North Sea crude: FLAT at $42.95

Tags: COVID-19dropEuronextEuropean stock marketsUS stimulus package
ADVERTISEMENT
AFP

AFP

Related Posts

Stocks close flat; Ayala issues, BDO top gainers

byManila Standard Business
July 1, 2022, 8:45 pm
0
180
Global markets, oil prices slump on new virus variant

The stock market closed nearly flat Friday as the rest of Asian equities struggled again Friday following another selloff on...

Read more

Stocks climb; Converge, Globe lead market rally

byManila Standard
June 28, 2022, 6:10 pm
0
211
Stock market surges; PLDT, Globe advance

The stock market rallied Tuesday along with most of the Asia after China slashed the quarantine time for visitors, fueling...

Read more

Stock market advances; SPNEC, URC lead gainers

byManila Standard
June 27, 2022, 9:10 pm
0
234
Stock market surges; PLDT, Globe advance

Stocks rose Monday, the first day of “floorless” trading in the Philippines, following a strong performance on Wall Street as...

Read more

Market trading to remain volatile on recession fears

byJenniffer B. Austria
June 26, 2022, 6:15 pm
0
189
Stock market surges; PLDT, Globe advance

Trading at the Philippine Stock Exchange is expected to remain volatile on growing fears of a global recession, analysts said...

Read more

Philex eyes P2.65B from stock rights offering

byJenniffer B. Austria
June 24, 2022, 9:40 pm
0
219
Philex to launch Silangan mine’s development in Q2

Gold and copper producer Philex Mining Corp. is raising P2.65 billion from a planned stock rights offering. Philex, according to...

Read more

Stocks fall sharply; ICTSI and SM Prime lead losers

byManila Standard
June 22, 2022, 7:50 pm
0
234
Stock market surges; PLDT, Globe advance

Stocks slumped Wednesday along with the rest of Asia, with recession fears continuing to build as central banks hike interest...

Read more

Stories you may like

  • Snapshots

    The next, now, or never in new romance film ‘Ngayon Kaya’

    2180 shares
    Share 872 Tweet 545
  • Of course, it was BBM’s project

    32070 shares
    Share 12828 Tweet 8018
  • Property relations in marriage

    1074 shares
    Share 430 Tweet 269
  • Herbosa will make an excellent DOH Secretary

    1847 shares
    Share 739 Tweet 462
  • First Family to showcase local fashion design in barong, terno

    1005 shares
    Share 402 Tweet 251

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • DSWD to purge ‘ayuda’ list
  • COVID cases up on 3rd straight day
  • Protocol chief named, Pagcor post still vacant
  • BBM vetoes Bulacan freeport zone bill, citing ‘big fiscal risk’
  • Price rollback for kerosene, diesel but gas seen steady
  • Passing through
  • Road rage

Advertisement

Latest News

Price rollback for kerosene, diesel but gas seen steady

byManila Standard
July 3, 2022, 12:00 am
0
141
Price rollback for kerosene, diesel but gas seen steady

After almost a month of consecutive pump price increases, Filipinos can expect rollbacks of as much as P3 per liter...

Read more

Passing through

byManila Standard
July 2, 2022, 11:40 pm
0
131
Price rollback for kerosene, diesel but gas seen steady

A mascot wearing a dinosaur costume attracts the attention of shoppers at a mall in Cubao, Quezon City on Saturday,...

Read more

Road rage

byNorman Cruz
July 2, 2022, 11:30 pm
0
135
Toward stronger Philippines-South Korea partnership

A policemen arrests the driver of a wayward car that barreled into another vehicle and three motorcycles along Roxas Blvd....

Read more

Toward stronger Philippines-South Korea partnership

byVer Noveno
July 2, 2022, 11:20 pm
0
139
Toward stronger Philippines-South Korea partnership

House Majority Leader and Leyte Rep.Martin Romualdez (center, holding microphone) heads a congressional delegation in a meeting with visiting South...

Read more

Ombudsman finally acts on lawyers’ complaint

byManila Standard
July 2, 2022, 11:10 pm
0
154
Ombudsman firm on stance on release of SALNs

It may be true that justice grinds ever so slowly in the Philippines. Consider this. It took the Office of...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App