{"id":54011,"date":"2021-11-03T14:24:08","date_gmt":"2021-11-03T10:24:08","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=54011"},"modified":"2021-11-03T14:24:12","modified_gmt":"2021-11-03T10:24:12","slug":"european-shares-rise-to-new-highs","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-rise-to-new-highs\/11\/03\/market-updates\/","title":{"rendered":"European Shares Rise to New Highs"},"content":{"rendered":"\n<p>European shares recorded record highs on Wednesday, as positive results for companies&#8217; business in the recent period and the rise in metal prices offset the impact of the decline in oil sector shares.<\/p>\n\n\n\n<p>The European Stoxx 600 index rose 0.2% by 0824 GMT, while global stocks settled at record heights in anticipation of the Federal Reserve (the US central bank) reducing stimulus measures related to the Coronavirus pandemic.<\/p>\n\n\n\n<p>Shares of BMW, the German automaker, rose 0.7 percent after it announced a rise in its quarterly profit, although it had repeated its warning of the global chip crisis.<\/p>\n\n\n\n<p>Shares of German airline Lufthansa rose 5.2 percent after returning to profit for the first time since the pandemic.<\/p>\n\n\n\n<p>Mining stocks led losses on the index, down 1.8 percent, as crude prices fell after data from the oil sector indicated a significant increase in crude stocks and distillates in the United States, the world&#8217;s largest oil consumer, and with increasing pressure on OPEC to increase production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares recorded record highs on Wednesday, as positive results for companies&#8217; business in the recent period and the rise in metal prices offset the impact of the decline in oil sector shares. The European Stoxx 600 index rose 0.2% by 0824 GMT, while global stocks settled at record heights in anticipation of the Federal &hellip;<\/p>\n","protected":false},"author":9,"featured_media":52473,"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-54011","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\/54011","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=54011"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54011\/revisions"}],"predecessor-version":[{"id":54012,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54011\/revisions\/54012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52473"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=54011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}