{"id":119192,"date":"2025-09-24T11:43:29","date_gmt":"2025-09-24T07:43:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119192"},"modified":"2025-09-24T11:42:51","modified_gmt":"2025-09-24T07:42:51","slug":"european-shares-slip-as-banks-weigh-defence-stocks-offer-cushion","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-slip-as-banks-weigh-defence-stocks-offer-cushion\/09\/24\/market-updates\/","title":{"rendered":"European Shares Slip as Banks Weigh, Defence Stocks Offer Cushion"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>European stocks fell in early trading on <strong>Wednesday<\/strong>, mirroring overnight weakness on <strong>Wall Street<\/strong>, as investors remained cautious over the <strong>Federal Reserve\u2019s rate outlook<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">STOXX 600 and Regional Moves<\/h4>\n\n\n\n<p>The <strong>pan-European STOXX 600<\/strong> index slid <strong>0.5% to 552.5 points<\/strong> by 07:14 GMT.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Most major regional bourses also ticked lower, with <strong>Italy leading losses<\/strong>.<\/li>\n\n\n\n<li>The decline was largely driven by weakness in financials and banks, reflecting broader risk-off sentiment.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Banks and Financials Lead Declines<\/h4>\n\n\n\n<p>Banking stocks were among the hardest hit:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Deutsche Bank (Germany)<\/strong>, <strong>Barclays (UK)<\/strong>, <strong>Societe Generale (France)<\/strong>, and <strong>Sydbank (Denmark)<\/strong> all dropped <strong>more than 1%<\/strong> each.<\/li>\n\n\n\n<li>The <strong>financial services subindex<\/strong> dipped <strong>1.1%<\/strong>, underlining pressure across the sector amid heightened uncertainty about interest rates and credit conditions.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Defence Sector Gains on Geopolitical Comments<\/h4>\n\n\n\n<p>On the upside, <strong>defence-related stocks<\/strong> advanced <strong>0.8%<\/strong>. The sector found support after <strong>U.S. President Donald Trump<\/strong> expressed confidence that <strong>Ukraine could retake occupied territory from Russia<\/strong>, urging Kyiv to act swiftly. The comments reinforced expectations of continued defence spending and support for related firms.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Wall Street Influence and Stock Movers<\/h4>\n\n\n\n<p>The negative tone was imported from the U.S., where <strong>major indexes closed lower overnight<\/strong> following <strong>Fed Chair Jerome Powell\u2019s<\/strong> remarks, which offered little clarity on the trajectory of rate cuts.<\/p>\n\n\n\n<p>Among individual movers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lanxess (Germany)<\/strong> tumbled <strong>5.2%<\/strong> after <strong>Deutsche Bank<\/strong> downgraded the specialty chemicals maker from <strong>\u201cbuy\u201d to \u201chold.\u201d<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>European stocks fell in early trading on Wednesday, mirroring overnight weakness on Wall Street, as investors remained cautious over the Federal Reserve\u2019s rate outlook. STOXX 600 and Regional Moves The pan-European STOXX 600 index slid 0.5% to 552.5 points by 07:14 GMT. Most major regional bourses also ticked lower, with Italy leading losses. The decline &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98251,"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":[38,36],"tags":[],"class_list":["post-119192","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119192","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=119192"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119192\/revisions"}],"predecessor-version":[{"id":119193,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119192\/revisions\/119193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}