{"id":64719,"date":"2022-05-03T12:57:43","date_gmt":"2022-05-03T08:57:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=64719"},"modified":"2022-05-03T12:57:45","modified_gmt":"2022-05-03T08:57:45","slug":"european-shares-rise-with-the-support-of-banks-and-positive-business-results","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-rise-with-the-support-of-banks-and-positive-business-results\/05\/03\/market-updates\/","title":{"rendered":"European shares rise with the support of banks and positive business results"},"content":{"rendered":"\n<p>European shares rose on Tuesday after a series of positive business results reports and with bank shares rising, supported by government bond yields reaching new highs in anticipation of faster decisions to raise interest rates.<\/p>\n\n\n\n<p>The pan-European Stoxx 600 index jumped 0.6 percent by 0716 GMT, with the banking sector rising 1.4 percent, topping the gainers.<\/p>\n\n\n\n<p>Wall Street ended Monday&#8217;s volatile session higher, as the yield on the benchmark 10-year US Treasury bond reached 3 percent for the first time since December 2018, ahead of this week&#8217;s Federal Reserve meeting, when policymakers are expected to announce a 50 percent rate hike. basis point. German bond yields also hit new highs.<\/p>\n\n\n\n<p>And the French bank BNP Paribas advanced 2.4 percent, as it announced a 19.2 percent increase in quarterly net income, supported by a significant increase in trading activities, and maintained its goals for the year 2025.<\/p>\n\n\n\n<p>Shares of energy group BP rose 1.6 percent, as it boosted its share buyback program after net profit rose to its highest level in more than a decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares rose on Tuesday after a series of positive business results reports and with bank shares rising, supported by government bond yields reaching new highs in anticipation of faster decisions to raise interest rates. The pan-European Stoxx 600 index jumped 0.6 percent by 0716 GMT, with the banking sector rising 1.4 percent, topping the &hellip;<\/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-64719","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\/64719","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=64719"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64719\/revisions"}],"predecessor-version":[{"id":64720,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64719\/revisions\/64720"}],"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=64719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}