{"id":65439,"date":"2022-05-16T13:59:06","date_gmt":"2022-05-16T09:59:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=65439"},"modified":"2022-05-16T13:59:08","modified_gmt":"2022-05-16T09:59:08","slug":"european-shares-fall-on-recession-fears","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-fall-on-recession-fears\/05\/16\/market-updates\/","title":{"rendered":"European shares fall on recession fears"},"content":{"rendered":"\n<p>European shares opened lower on Monday, with French shares down nearly 1 percent, after weak economic data from China fueled fears of a global recession.<\/p>\n\n\n\n<p>The pan-European Stoxx 600 index fell 0.6 percent by 0715 GMT, after posting its first weekly gain in five weeks on Friday.<\/p>\n\n\n\n<p>China&#8217;s April retail sales fell 11.1 percent, almost double expectations, while industrial production fell by 2.9 percent, while analysts were looking for a slight increase, raising fears that the world&#8217;s second-largest economy will contract this quarter amid the closure imposed to combat the outbreak of &#8220;Covid-19&#8221;. -19.<\/p>\n\n\n\n<p>The travel and leisure sector led the losses among the sub-indices, down 1.4 percent. The shares of the healthcare sector were the biggest losers, while shares of luxury goods companies, including the owner of the Louis Vuitton brand, which derives a large part of the demand from China, fell 1.1 percent.<\/p>\n\n\n\n<p>This trend was bucked by the telecommunications sector, which rose 0.6 percent, supported by a 3.5 percent jump in Vodafone after the UAE&#8217;s Emirates Telecommunications Group (Etisalat) bought a 9.8 percent stake in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares opened lower on Monday, with French shares down nearly 1 percent, after weak economic data from China fueled fears of a global recession. The pan-European Stoxx 600 index fell 0.6 percent by 0715 GMT, after posting its first weekly gain in five weeks on Friday. China&#8217;s April retail sales fell 11.1 percent, almost &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":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-65439","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65439","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=65439"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65439\/revisions"}],"predecessor-version":[{"id":65440,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65439\/revisions\/65440"}],"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=65439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}