{"id":102743,"date":"2024-06-21T12:44:43","date_gmt":"2024-06-21T08:44:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=102743"},"modified":"2024-06-21T12:44:45","modified_gmt":"2024-06-21T08:44:45","slug":"european-stocks-dip-on-tech-selloff-and-carlsbergs-failed-takeover-bid","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-dip-on-tech-selloff-and-carlsbergs-failed-takeover-bid\/06\/21\/market-updates\/","title":{"rendered":"European Stocks Dip on Tech Selloff and Carlsberg&#8217;s Failed Takeover Bid"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>European shares opened lower on Friday, led by a decline in technology stocks and a sharp drop in Carlsberg Group shares following the rejection of its takeover bid for British soft drinks maker Britvic.<\/p>\n\n\n\n<p>The pan-European STOXX 600 index fell 0.2% in early trading, with the technology sector experiencing a 0.6% decrease after a nearly 2% rise in the previous session. Construction and materials also faced a 0.7% decline, while retail slipped 0.5% due to B&amp;M&#8217;s 1.8% drop following a downgrade by Morgan Stanley.<\/p>\n\n\n\n<p>Despite the early losses, the European benchmark index is still on track for modest weekly gains, recovering from a more than 2% drop last week triggered by political turmoil in France.<\/p>\n\n\n\n<p>In other notable developments, Denmark&#8217;s Zealand Pharma surged 23.1% after promising results from an early-stage study on its weight-loss drug. Meanwhile, Carlsberg Group shares plummeted nearly 6% as Britvic rejected its $3.9 billion revised takeover proposal, citing undervaluation. Britvic&#8217;s shares soared 14.4% on the news.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares opened lower on Friday, led by a decline in technology stocks and a sharp drop in Carlsberg Group shares following the rejection of its takeover bid for British soft drinks maker Britvic. The pan-European STOXX 600 index fell 0.2% in early trading, with the technology sector experiencing a 0.6% decrease after a nearly &hellip;<\/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-102743","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\/102743","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=102743"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/102743\/revisions"}],"predecessor-version":[{"id":102744,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/102743\/revisions\/102744"}],"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=102743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=102743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=102743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}