{"id":67496,"date":"2022-06-22T12:35:56","date_gmt":"2022-06-22T08:35:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67496"},"modified":"2022-06-22T12:35:58","modified_gmt":"2022-06-22T08:35:58","slug":"european-shares-fall-on-lower-commodity-prices-and-fears-of-inflation","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-fall-on-lower-commodity-prices-and-fears-of-inflation\/06\/22\/market-updates\/","title":{"rendered":"European shares fall on lower commodity prices and fears of inflation"},"content":{"rendered":"\n<p>European stocks look set to break a rally on Wednesday, with the decline in oil and metal prices lowering shares of commodity-related companies, while British inflation data revived fears of slowing global growth.<\/p>\n\n\n\n<p>By 0718 GMT, the pan-European STOXX 600 index fell 1.5 percent, to a record low not seen since February 2021, and the selling that damaged global stocks resumed last week.<\/p>\n\n\n\n<p>Oil and gas stocks plunged 2.9 percent, affected by a drop in the price of oil by more than six dollars a barrel, amid efforts by US President Joe Biden to reduce fuel prices.<\/p>\n\n\n\n<p>The mining sector declined by 2.7 percent, the automobile sector by 2.9 percent, and the health care sector decreased by a smaller percentage.<\/p>\n\n\n\n<p>Shares in German chemical BASF fell 4.2 percent after its chief executive said it would face a major downturn in the early second half of the year.<\/p>\n\n\n\n<p>Norway&#8217;s Moi Fishing Inc plunged 6.1 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks look set to break a rally on Wednesday, with the decline in oil and metal prices lowering shares of commodity-related companies, while British inflation data revived fears of slowing global growth. By 0718 GMT, the pan-European STOXX 600 index fell 1.5 percent, to a record low not seen since February 2021, and 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":[7211,6877,6928,6882],"class_list":["post-67496","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\/67496","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=67496"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67496\/revisions"}],"predecessor-version":[{"id":67497,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67496\/revisions\/67497"}],"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=67496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}