{"id":106816,"date":"2024-10-07T11:58:37","date_gmt":"2024-10-07T07:58:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=106816"},"modified":"2024-10-07T11:58:40","modified_gmt":"2024-10-07T07:58:40","slug":"european-stocks-slip-as-u-s-jobs-euphoria-fades-higher-bond-yields-pressure-real-estate-and-utilities","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-slip-as-u-s-jobs-euphoria-fades-higher-bond-yields-pressure-real-estate-and-utilities\/10\/07\/market-updates\/","title":{"rendered":"European Stocks Slip as U.S. Jobs Euphoria Fades, Higher Bond Yields Pressure Real Estate and Utilities"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>European stocks edged lower on Monday as the initial optimism from strong U.S. jobs data faded, with rate-sensitive sectors like real estate and utilities feeling the impact of rising bond yields.<\/p>\n\n\n\n<p>As of 0726 GMT, the <strong>pan-European STOXX 600<\/strong> index had dipped 0.2%, with <strong>real estate<\/strong> and <strong>utilities<\/strong> sectors falling 1% and 0.5%, respectively.<\/p>\n\n\n\n<p>Friday&#8217;s robust U.S. labor market data had briefly lifted markets by alleviating recession fears, but it also led to a reassessment of interest rate cut expectations. As a result, bond yields surged, with the German 10-year bond yield hitting a one-month high.<\/p>\n\n\n\n<p><strong>Individual Stock Highlights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Richemont<\/strong> gained 1.3% after the Cartier owner announced it would sell its <strong>Yoox Net-A-Porter<\/strong> online fashion and accessories business to German luxury fashion retailer <strong>Mytheresa<\/strong>.<\/li><li><strong>Heidelberg Materials<\/strong> surged 5.6% following reports that <strong>Adani Group<\/strong> is in talks to acquire its Indian cement operations, in a deal potentially valued at around $1.2 billion.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>European stocks edged lower on Monday as the initial optimism from strong U.S. jobs data faded, with rate-sensitive sectors like real estate and utilities feeling the impact of rising bond yields. As of 0726 GMT, the pan-European STOXX 600 index had dipped 0.2%, with real estate and utilities sectors falling 1% and 0.5%, respectively. Friday&#8217;s &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105788,"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-106816","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\/106816","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=106816"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106816\/revisions"}],"predecessor-version":[{"id":106817,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106816\/revisions\/106817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105788"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}