{"id":67900,"date":"2022-06-30T12:34:45","date_gmt":"2022-06-30T08:34:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67900"},"modified":"2022-06-30T12:34:48","modified_gmt":"2022-06-30T08:34:48","slug":"european-stocks-face-their-worst-quarter-since-the-pandemic-plunge-in-early-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-face-their-worst-quarter-since-the-pandemic-plunge-in-early-2020\/06\/30\/market-updates\/","title":{"rendered":"European stocks face their worst quarter since the pandemic plunge in early 2020"},"content":{"rendered":"\n<p>European shares fell on Thursday, on track to record their worst quarter since the massive plunge during the COVID-19 pandemic in early 2020, as investors grew increasingly concerned about a global recession following tough central bank measures to tame soaring inflation.<\/p>\n\n\n\n<p>The pan-European STOXX 600 index fell 1.4 percent by 0709 GMT, with the French CAC 40 index down 2 percent, after preliminary official data revealed that inflation rose more than the previous month to a record level of 6.5 percent.<\/p>\n\n\n\n<p>The Stoxx 600 index fell for the second day in a row after the heads of global central banks said that measures to reduce high inflation around the world would be painful and could lead to a collapse in growth.<\/p>\n\n\n\n<p>Sectors related to the economy led the decline in early trading, with the basic resources and autos indices dropping between 1.9 percent and 2.1 percent.<\/p>\n\n\n\n<p>On the individual level, Uniper shares fell 17.5% after the German utility company withdrew its forecast for the 2022 fiscal year due to gas supply restrictions from Russia&#8217;s Gazprom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares fell on Thursday, on track to record their worst quarter since the massive plunge during the COVID-19 pandemic in early 2020, as investors grew increasingly concerned about a global recession following tough central bank measures to tame soaring inflation. The pan-European STOXX 600 index fell 1.4 percent by 0709 GMT, with the French &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-67900","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\/67900","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=67900"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67900\/revisions"}],"predecessor-version":[{"id":67901,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67900\/revisions\/67901"}],"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=67900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}