European shares started on a subdued note on Thursday as investors resumed trading after a mid-week holiday to analyze a flurry of significant earnings reports and the Federal Reserve’s indication of a delay in interest rate cuts.<\/p>\n\n\n\n
The pan-European STOXX 600 edged down by 0.2% as of 0715 GMT, following its first monthly decline this year in April.<\/p>\n\n\n\n
Investors returned to the market after the Labour Day holiday on Wednesday, a day when the Fed signaled that rates would remain elevated for a longer period due to recent disappointing inflation data.<\/p>\n\n\n\n
Energy stocks experienced a 1.7% drop, with Vestas declining by 4.2% after the world’s largest wind turbine maker reported an unexpected loss in the first quarter.<\/p>\n\n\n\n
Novo Nordisk raised its outlook for 2024 and posted better-than-anticipated first-quarter profits. However, the stock retreated by 2.4% after initially rising.<\/p>\n\n\n\n
ING Groep in the Netherlands surged by 5.4% following a 2.5 billion euro ($2.68 billion) share buyback announcement and a robust performance in the first quarter. Standard Chartered in Britain climbed by 5% after beating first-quarter profit expectations, propelling the bank index to lead the sectoral gainers’ list.<\/p>\n\n\n\n
Teleperformance, a French office services and call center company, soared by 15.4% following higher first-quarter sales.<\/p>\n","protected":false},"excerpt":{"rendered":"
European shares started on a subdued note on Thursday as investors resumed trading after a mid-week holiday to analyze a flurry of significant earnings reports and the Federal Reserve’s indication of a delay in interest rate cuts. The pan-European STOXX 600 edged down by 0.2% as of 0715 GMT, following its first monthly decline this …<\/p>\n","protected":false},"author":9,"featured_media":71676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-100777","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=100777"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100777\/revisions"}],"predecessor-version":[{"id":100778,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100777\/revisions\/100778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71676"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=100777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=100777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=100777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}