{"id":43575,"date":"2021-03-29T13:04:54","date_gmt":"2021-03-29T09:04:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=43575"},"modified":"2021-03-29T13:04:59","modified_gmt":"2021-03-29T09:04:59","slug":"european-stocks-near-record-levels-amid-hopes-of-recovery","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-near-record-levels-amid-hopes-of-recovery\/03\/29\/market-updates\/","title":{"rendered":"European Stocks Near Record Levels Amid Hopes of Recovery"},"content":{"rendered":"\n<p>European stocks approached record highs Monday, March 29, thanks to optimism about the global economic recovery, while Credit Suisse plunged following a warning of &#8220;significant&#8221; losses due to exit from positions after a US-based hedge fund defaulted on margin calls.<\/p>\n\n\n\n<p>Swiss bank shares lost 9.5% after it said an unnamed hedge fund defaulted on margin calls by Credit Suisse and other banks last week.<\/p>\n\n\n\n<p>The European Stoxx600 index rose 0.3%, tracking gains in Asia as investor confidence in the global economic recovery from the US-led Covid-19 pandemic grew.<\/p>\n\n\n\n<p>The index has lagged behind its counterpart in the United States in the past six months due to new closures on the continent and a slower than expected vaccination program, hurting the economic outlook for Europe.<\/p>\n\n\n\n<p>The German DAX index rose 0.6% to an all-time high after data showed that the annual profits of Chinese industrial companies rose in the first two months of 2021, highlighting the recovery of the industrial sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks approached record highs Monday, March 29, thanks to optimism about the global economic recovery, while Credit Suisse plunged following a warning of &#8220;significant&#8221; losses due to exit from positions after a US-based hedge fund defaulted on margin calls. Swiss bank shares lost 9.5% after it said an unnamed hedge fund defaulted on margin &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31994,"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":[6864],"class_list":["post-43575","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-european-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43575","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=43575"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43575\/revisions"}],"predecessor-version":[{"id":43576,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43575\/revisions\/43576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=43575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}