{"id":49829,"date":"2021-08-24T13:58:10","date_gmt":"2021-08-24T09:58:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49829"},"modified":"2021-08-24T13:58:13","modified_gmt":"2021-08-24T09:58:13","slug":"european-stocks-continue-to-recover","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-continue-to-recover\/08\/24\/market-updates\/","title":{"rendered":"European Stocks Continue to Recover"},"content":{"rendered":"\n<p>European shares continued to recover on Tuesday, August 24, after a full US approval of a vaccine to prevent Covid-19 boosted Wall Street to record highs, while the latest data showed a stronger-than-expected economic recovery in Germany.<\/p>\n\n\n\n<p>The STOXX 600 index of European shares rose 0.3% by 07:11 GMT, after tumbling about 3% from its record levels last week due to sales.<\/p>\n\n\n\n<p>Travel, leisure, technology, and mining stocks were the biggest gainers, rising between 0.9 and 1.2%.<\/p>\n\n\n\n<p>The Nasdaq index on Wall Street recorded the highest closing level ever after the US Food and Drug Administration granted its full approval to use the Pfizer-BioNTech vaccine in a move that may accelerate the pace of vaccinations in the United States.<\/p>\n\n\n\n<p>Meanwhile, German GDP growth data showed 1.6% in the April-June quarter, slightly above an earlier estimate of 1.5% growth, helped by private consumption and state spending.<br>.<br>Marks &amp; Spencer Group&#8217;s share increased by about 3.1%, and was the biggest gainer on the STOXX 600 index after Berenberg and Credit Suisse raised the target price for the company&#8217;s shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares continued to recover on Tuesday, August 24, after a full US approval of a vaccine to prevent Covid-19 boosted Wall Street to record highs, while the latest data showed a stronger-than-expected economic recovery in Germany. The STOXX 600 index of European shares rose 0.3% by 07:11 GMT, after tumbling about 3% from its &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32683,"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-49829","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\/49829","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=49829"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49829\/revisions"}],"predecessor-version":[{"id":49830,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49829\/revisions\/49830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32683"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=49829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}