{"id":65074,"date":"2022-05-09T13:10:09","date_gmt":"2022-05-09T09:10:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=65074"},"modified":"2022-05-09T13:10:14","modified_gmt":"2022-05-09T09:10:14","slug":"mining-and-technology-sectors-keep-european-stocks-under-pressure","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/mining-and-technology-sectors-keep-european-stocks-under-pressure\/05\/09\/market-updates\/","title":{"rendered":"Mining and technology sectors keep European stocks under pressure"},"content":{"rendered":"\n<p>European shares eased slightly in early trading on Monday, dragged down by a slump in the mining sector as investors worried about a sharp economic slowdown in China due to anti-Covid-19 restrictions while rising US bond yields kept technology stocks under pressure.<\/p>\n\n\n\n<p>The pan-European STOXX 600 index was down 0.1 percent by 0711 GMT, hovering near its lowest level since mid-March hit on Friday.<\/p>\n\n\n\n<p>Mining stocks fell 1.6 percent, as Chinese iron ore futures fell more than 6 percent due to concerns about demand in the world&#8217;s second-largest economy.<\/p>\n\n\n\n<p>Technology shares fell 1.0 percent as US bond yields rose to new highs thanks to expectations that the Federal Reserve will raise interest rates at a faster pace to combat rising inflation.<\/p>\n\n\n\n<p>Chip maker Infineon fell 2.2 percent despite the company raising its full-year forecast as it benefits from a global shortage in semiconductors.<\/p>\n\n\n\n<p>Dutch postal company PostNL plunged 12.1 percent after it cut its full-year forecast and reported a 75 percent drop in core earnings, warning that economic uncertainty, rising inflation and pressure on e-commerce volumes were making 2022 &#8220;more challenging than previously expected.&#8221; &#8220;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares eased slightly in early trading on Monday, dragged down by a slump in the mining sector as investors worried about a sharp economic slowdown in China due to anti-Covid-19 restrictions while rising US bond yields kept technology stocks under pressure. The pan-European STOXX 600 index was down 0.1 percent by 0711 GMT, hovering &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-65074","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\/65074","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=65074"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65074\/revisions"}],"predecessor-version":[{"id":65075,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65074\/revisions\/65075"}],"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=65074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}