{"id":53086,"date":"2021-10-20T14:14:57","date_gmt":"2021-10-20T10:14:57","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=53086"},"modified":"2021-10-20T14:15:00","modified_gmt":"2021-10-20T10:15:00","slug":"european-shares-falling-affected-by-weak-results","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-falling-affected-by-weak-results\/10\/20\/market-updates\/","title":{"rendered":"European Shares Falling Affected by Weak Results"},"content":{"rendered":"\n<p>European shares fell on Wednesday, as weak earnings from French luxury goods company Kering and Dutch semiconductor ASML outweighed strong results from Nestle and other companies.<\/p>\n\n\n\n<p>The pan-European Stoxx 600 index was down 0.1 percent, although Asian shares rose, supported by a strong Wall Street close on Tuesday.<\/p>\n\n\n\n<p>And Kering&#8217;s shares fell 4 percent, after its famous Gucci brand achieved sales less than analysts&#8217; expectations, due to a sharp slowdown in the pace of its recovery from the Covid-19 pandemic, especially in Asia.<\/p>\n\n\n\n<p>Shares in ASML Holdings of the Netherlands, a major supplier of computer chips, fell 3 percent, although their quarterly results were slightly better than expected.<\/p>\n\n\n\n<p>Dutch paint maker Akzonobel fell 2.3 percent after its quarterly profit was hit by persistent raw material price inflation and supply chain disruptions expected to last until mid-2022.<\/p>\n\n\n\n<p>But Swiss food maker Nestle pared losses, climbing 3 percent after it raised its sales forecast after strong coffee sales and price hikes drove self-sales up 6.5 percent in the third quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares fell on Wednesday, as weak earnings from French luxury goods company Kering and Dutch semiconductor ASML outweighed strong results from Nestle and other companies. The pan-European Stoxx 600 index was down 0.1 percent, although Asian shares rose, supported by a strong Wall Street close on Tuesday. And Kering&#8217;s shares fell 4 percent, after &hellip;<\/p>\n","protected":false},"author":9,"featured_media":44251,"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-53086","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\/53086","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=53086"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53086\/revisions"}],"predecessor-version":[{"id":53087,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53086\/revisions\/53087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=53086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=53086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=53086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}