{"id":69326,"date":"2022-08-01T13:15:05","date_gmt":"2022-08-01T09:15:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69326"},"modified":"2022-08-01T13:15:10","modified_gmt":"2022-08-01T09:15:10","slug":"european-shares-stabilize-amid-fears-of-recession-despite-positive-results","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-stabilize-amid-fears-of-recession-despite-positive-results\/08\/01\/market-updates\/","title":{"rendered":"European shares stabilize amid fears of recession, despite positive results"},"content":{"rendered":"\n<p>European shares settled on Monday ahead of a slew of manufacturing activity data, as disappointing Chinese economic data raised fears of a global economic slowdown while erasing a jump in banking shares after strong HSBC results.<\/p>\n\n\n\n<p>The pan-European Stoxx 600 index settled at 7:09 GMT, tracking the effect of the broader markets, with China&#8217;s official index of factory activity declining in July, and the Caixin service sector index missing expectations.<\/p>\n\n\n\n<p>Adding to concerns, data showed that German retailers ended the first half of 2022 with the biggest drop in year-over-year sales in nearly three decades, pressured by inflation, conflict in Ukraine and the pandemic.<\/p>\n\n\n\n<p>Investors are awaiting the release of factory production data from the eurozone at 0800 GMT, which may shed light on the pace of economic growth.<\/p>\n\n\n\n<p>Shares of HSBC Bank in London rose 5.7 percent after it sought to attract investors by targeting higher profitability and positive expectations about dividends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares settled on Monday ahead of a slew of manufacturing activity data, as disappointing Chinese economic data raised fears of a global economic slowdown while erasing a jump in banking shares after strong HSBC results. The pan-European Stoxx 600 index settled at 7:09 GMT, tracking the effect of the broader markets, with China&#8217;s official &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-69326","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\/69326","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=69326"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69326\/revisions"}],"predecessor-version":[{"id":69327,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69326\/revisions\/69327"}],"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=69326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}