European shares rose on Wednesday after positive business results from food and beverage companies, but concerns about the war in Ukraine, slowing growth and rising revenue limited gains.<\/p>\n\n\n\n
The pan-European Stoxx 600 index rose 0.5 percent, with banking and food and beverage stocks gaining 1.3 percent each.<\/p>\n\n\n\n
Meanwhile, the mining sector shares fell 0.8 percent and the oil sector shares fell 0.5 percent.<\/p>\n\n\n\n
Danone shares jumped 7.2% after the French food group posted stronger-than-expected sales growth in the first quarter of the year and maintained its 2022 targets.<\/p>\n\n\n\n
Heineken N.V. shares rose 3.3 percent after the company posted a sharp rise in beer sales in the first quarter as pubs reopened in Europe.<\/p>\n\n\n\n
Credit Suisse shares fell 1.9 percent after the Swiss bank said it expected a net loss in the first quarter and the larger negative effects of Russia’s invasion of Ukraine.<\/p>\n\n\n\n
Meanwhile, data on Wednesday showed German producer prices rose 30.9 percent year on year in March, reflecting the effects of the conflict in Ukraine for the first time.<\/p>\n","protected":false},"excerpt":{"rendered":"
European shares rose on Wednesday after positive business results from food and beverage companies, but concerns about the war in Ukraine, slowing growth and rising revenue limited gains. The pan-European Stoxx 600 index rose 0.5 percent, with banking and food and beverage stocks gaining 1.3 percent each. Meanwhile, the mining sector shares fell 0.8 percent …<\/p>\n","protected":false},"author":9,"featured_media":52181,"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":[36],"tags":[6911,6864],"class_list":["post-64161","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-europe","tag-european-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64161","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=64161"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64161\/revisions"}],"predecessor-version":[{"id":64162,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64161\/revisions\/64162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52181"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}