{"id":32937,"date":"2020-08-20T12:28:19","date_gmt":"2020-08-20T08:28:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32937"},"modified":"2020-08-20T12:36:08","modified_gmt":"2020-08-20T08:36:08","slug":"european-shares-drop-on-recovery-outlook","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-drop-on-recovery-outlook\/08\/20\/market-updates\/","title":{"rendered":"European Shares Drop on Recovery Outlook"},"content":{"rendered":"\n<p>European shares were hit by a sell-off in global stock markets on Thursday (August 20th) after the US Federal Reserve indicated a long and difficult path to the recovery of the world&#8217;s largest economy.<\/p>\n\n\n\n<p>The Stoxx600 index of European shares fell 1.2% by 07:12 GMT, while the mining sector fell 2.7% due to the fall in the prices of basic metals.<\/p>\n\n\n\n<p>Other sectors severely affected by the economy, such as banks, automakers, and oil and gas companies fell between 1.6% and 1.9%.<\/p>\n\n\n\n<p>Chilean Mining Antofagasta plunged 4.3% after the company posted a 22.4% drop in core profits for the first half due to lower copper sales, but said it would provide temporary dividends.<\/p>\n\n\n\n<p>Among the notable gainers, InterContinental Hotels Group jumped 2.6% and French Accor gained 2% after a French newspaper reported that the hotel operator was considering a merger.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares were hit by a sell-off in global stock markets on Thursday (August 20th) after the US Federal Reserve indicated a long and difficult path to the recovery of the world&#8217;s largest economy. The Stoxx600 index of European shares fell 1.2% by 07:12 GMT, while the mining sector fell 2.7% due to the fall &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32815,"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":[39,36],"tags":[7138,6911],"class_list":["post-32937","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-drop","tag-europe"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32937","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=32937"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32937\/revisions"}],"predecessor-version":[{"id":32938,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32937\/revisions\/32938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32815"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}