{"id":69674,"date":"2022-08-05T12:20:54","date_gmt":"2022-08-05T08:20:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69674"},"modified":"2022-08-05T12:21:02","modified_gmt":"2022-08-05T08:21:02","slug":"european-shares-stabilize-before-us-jobs-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-stabilize-before-us-jobs-data\/08\/05\/market-updates\/","title":{"rendered":"European shares stabilize before US jobs data"},"content":{"rendered":"\n<p>European shares stabilized on Friday as eyes turned to US jobs data expected later. Investors assessed the Bank of England&#8217;s biggest rate hike in 27 years amid growing fears of a recession.<\/p>\n\n\n\n<p>By 0705 GMT, the pan-European Stoxx 600 index settled, amid fears of slowing growth in the world&#8217;s largest economy due to the pace of the Federal Reserve (US central bank) raising interest rates.<\/p>\n\n\n\n<p>The mining sector index rose 0.6 percent as copper and most other base metals continued to receive support from the dollar&#8217;s decline.<\/p>\n\n\n\n<p>The shares of German Postal Company Posts rose 5.8% after the company recorded double-digit growth in revenues and profits and emphasized its expectations for 2022.<\/p>\n\n\n\n<p>The shares of the London Stock Exchange Group rose 1.4 percent.<\/p>\n\n\n\n<p>German insurance company Allianz fell 2.3 percent after the company&#8217;s second-quarter net profit fell 23 percent, worse than expected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares stabilized on Friday as eyes turned to US jobs data expected later. Investors assessed the Bank of England&#8217;s biggest rate hike in 27 years amid growing fears of a recession. By 0705 GMT, the pan-European Stoxx 600 index settled, amid fears of slowing growth in the world&#8217;s largest economy due to the pace &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":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-69674","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69674","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=69674"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69674\/revisions"}],"predecessor-version":[{"id":69676,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69674\/revisions\/69676"}],"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=69674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}