European shares fell to a three-week low on Tuesday, November 23, after a resurgence of Covid-19 cases and concerns about interest rate hikes dampened sentiment ahead of flash readings on business activity in the eurozone.<\/p>\n\n\n\n
The European STOXX600 index fell by 1% after Asian markets followed Wall Street’s lead in the decline due to the re-nomination of Federal Reserve Chairman Jerome Powell for a new term, boosting bets for a US interest rate hike in 2022.<\/p>\n\n\n\n
Technology stocks fell 2.5% as the possibility that higher interest rates could affect the attractiveness of the rapidly growing technology sector.<\/p>\n\n\n\n
Shares of tourism companies fell 0.9% after the United States issued a travel warning to Germany and Denmark due to the increase in Covid-19 cases, while shares of oil companies fell 0.3% as a result of the decline in crude oil prices, amid increasing expectations that the United States, Japan and India will release quantities of their reserves from Crude oil to lower prices.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
European shares fell to a three-week low on Tuesday, November 23, after a resurgence of Covid-19 cases and concerns about interest rate hikes dampened sentiment ahead of flash readings on business activity in the eurozone. The European STOXX600 index fell by 1% after Asian markets followed Wall Street’s lead in the decline due to the …<\/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-55465","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\/55465","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=55465"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55465\/revisions"}],"predecessor-version":[{"id":55466,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55465\/revisions\/55466"}],"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=55465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}