{"id":66967,"date":"2022-06-13T12:39:19","date_gmt":"2022-06-13T08:39:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=66967"},"modified":"2022-06-13T12:39:21","modified_gmt":"2022-06-13T08:39:21","slug":"inflation-shock-causes-european-shares-to-lose-for-the-fifth-day","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/inflation-shock-causes-european-shares-to-lose-for-the-fifth-day\/06\/13\/market-updates\/","title":{"rendered":"Inflation shock causes European shares to lose for the fifth day"},"content":{"rendered":"\n<p>European shares fell for the fifth consecutive session Monday, June 13, weighed down by economic-sensitive stocks, as the sharp rise in US inflation raised concerns about the US Federal Reserve&#8217;s sharp increase in interest rates.<\/p>\n\n\n\n<p>The pan-European Stoxx 600 index was down 1.1% by 07:12 GMT, hitting its lowest level in one month.<\/p>\n\n\n\n<p>Asian shares fell more than 2%, also affected by fears of the Corona virus in Beijing.<\/p>\n\n\n\n<p>Stock markets received cues from a massive sell-off on Wall Street on Friday after data showed that the US consumer price index rose 8.6% in May, its biggest increase since 1981.<\/p>\n\n\n\n<p>The travel and leisure sectors, automakers, and oil and gas led the morning losses in Europe amid fears of a global economic slowdown.<\/p>\n\n\n\n<p>Shares of Eurozone banks fell 2.8% on disappointment that the European Central Bank did not reveal any instrument to support external bonds at its meeting last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares fell for the fifth consecutive session Monday, June 13, weighed down by economic-sensitive stocks, as the sharp rise in US inflation raised concerns about the US Federal Reserve&#8217;s sharp increase in interest rates. The pan-European Stoxx 600 index was down 1.1% by 07:12 GMT, hitting its lowest level in one month. Asian shares &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":[7211,6877,6928,6882],"class_list":["post-66967","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66967","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=66967"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66967\/revisions"}],"predecessor-version":[{"id":66968,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66967\/revisions\/66968"}],"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=66967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=66967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=66967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}