{"id":44866,"date":"2021-04-23T13:12:43","date_gmt":"2021-04-23T09:12:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=44866"},"modified":"2021-04-23T13:13:09","modified_gmt":"2021-04-23T09:13:09","slug":"oil-rises-on-hopes-of-recovery-in-demand-and-a-rise-in-virus-cases-in-india-dampen-gains","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-rises-on-hopes-of-recovery-in-demand-and-a-rise-in-virus-cases-in-india-dampen-gains\/04\/23\/market-updates\/","title":{"rendered":"European Stocks on Track of Posting Their First Weekly Loss in 8 Weeks"},"content":{"rendered":"\n<p>European stocks are on the path of incurring their first weekly loss in eight weeks on Friday, April 23, as a surge in global coronavirus infections dashed the impact of strong earnings reports, while Madrid-based Olfendes shares jumped in its first trade in the Amsterdam market.<\/p>\n\n\n\n<p>The European Stoxx600 index was down 0.3% and is heading for a weekly decline of 1%.<\/p>\n\n\n\n<p>Global market sentiment took a hit following reports that US President Joe Biden plans to raise the tax on the income of the wealthy, a proposal some say would be difficult to pass in Congress.<\/p>\n\n\n\n<p>Spanish fund distributor Olfendes jumped more than 13% in its first trading session on the Euronext exchange in Amsterdam. The company said earlier it had set its initial public offering (IPO) pricing at 11.50 euros per share, giving it a valuation of around 7.2 billion euros.<\/p>\n\n\n\n<p>Mercedes-Benz car maker Daimler rose 1.5% after the company raised its 2021 earnings forecast, while luxury jacket maker Monclair fell 6.2% despite a strong increase in first-quarter sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks are on the path of incurring their first weekly loss in eight weeks on Friday, April 23, as a surge in global coronavirus infections dashed the impact of strong earnings reports, while Madrid-based Olfendes shares jumped in its first trade in the Amsterdam market. The European Stoxx600 index was down 0.3% and is &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30787,"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-44866","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\/44866","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=44866"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44866\/revisions"}],"predecessor-version":[{"id":44868,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44866\/revisions\/44868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30787"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=44866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=44866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=44866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}