Open Demo Account
Home / Market Update / Forex Market / European shares continue to decline and attention turns to US inflation data

European shares continue to decline and attention turns to US inflation data

Adel 13 October, 2022 1:48 pm Forex Market, Market Update

European shares fell on Thursday, dragged down by technology and real estate stocks, while investors focused on US inflation data to be released later on Thursday for indications of the direction of the Federal Reserve’s rate hike.

By 0714 GMT, the pan-European Stoxx 600 index fell 0.6 percent, to record a decline for the seventh consecutive session.

All eyes are on US consumer price data due to be released at 1230 GMT.

Among the sub-sectors on the Stoxx 600 index, the technology and real estate indices were both down 1.1 percent.

Arundtown shares fell 6.8 percent after Citigroup lowered its recommendation for the group’s shares to “neutral” from “buy”.

European semiconductor shares fell, with Infineon, ASML and ASMI shares recording declines between 1.3 and 2.6 percent.

Tags

Check Also

Where US Economy Stands Prior To Election Results

As voters prepare to choose the next president, the U.S. economy is, by most measures, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends