<\/p>\n\n\n\n
European shares opened higher on Thursday as favorable inflation data reinforced expectations of a U.S. rate cut in September, while a strong earnings report from insurer Admiral added to the positive market sentiment.<\/p>\n\n\n\n
By 0710 GMT, the pan-European STOXX 600 index had risen 0.2%, approaching a two-week high and marking its third consecutive session of gains. The insurance sector led the way, driven by a 10.3% surge in Admiral’s stock after the British motor and home insurer reported a better-than-expected 32% increase in first-half pre-tax profit.<\/p>\n\n\n\n
This week’s mild U.S. inflation readings have bolstered hopes that the Federal Reserve will reduce borrowing costs in September for the first time in over four years.<\/p>\n\n\n\n
In the U.K., data released earlier showed that Britain’s economy grew by 0.6% in the second quarter, in line with economists’ expectations. Despite this, the FTSE 100 remained flat.<\/p>\n\n\n\n
In other notable stock movements, Dutch payments company Adyen saw a 6.4% increase after beating half-year core profit expectations, while Orsted, the world’s largest offshore wind farm developer, fell 7.2% following its second-quarter results.<\/p>\n","protected":false},"excerpt":{"rendered":"
European shares opened higher on Thursday as favorable inflation data reinforced expectations of a U.S. rate cut in September, while a strong earnings report from insurer Admiral added to the positive market sentiment. By 0710 GMT, the pan-European STOXX 600 index had risen 0.2%, approaching a two-week high and marking its third consecutive session of …<\/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-104733","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\/104733","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=104733"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104733\/revisions"}],"predecessor-version":[{"id":104734,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104733\/revisions\/104734"}],"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=104733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=104733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=104733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}