European shares extended losses on Tuesday as investors awaited an important batch of economic data to gauge the strength of companies in a hyperinflationary environment while rising energy prices and a weak economic outlook prevailed.<\/p>\n\n\n\n
The pan-European Stoxx 600 index fell for a third straight session and fell 0.2 percent, hovering near a one-month low. The energy sector was among the few emerging sectors, rising 1% as oil prices rose, supported by concerns related to the lack of supplies.<\/p>\n\n\n\n
Record gas prices in the European Union increased by 13 percent in the evening to record a new record high, after doubling in just one month to become 14 times higher than the average prices in the past decade.<\/p>\n\n\n\n
Russia will suspend natural gas supplies to Europe via the Nord Stream 1 pipeline for three days at the end of the month.<\/p>\n\n\n\n
The PMI data in Europe is expected to shed light on the damage to economic activity later on Tuesday, as deflation is expected to intensify in Germany.<\/p>\n\n\n\n
Shares of German energy company Uniper rose 3.2 percent after it said it would start producing electricity for the market at the coal-fired Heiden 4 plant, fearing disruption to electricity supplies due to Russia’s three-day halt in gas supplies to Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"
European shares extended losses on Tuesday as investors awaited an important batch of economic data to gauge the strength of companies in a hyperinflationary environment while rising energy prices and a weak economic outlook prevailed. The pan-European Stoxx 600 index fell for a third straight session and fell 0.2 percent, hovering near a one-month low. …<\/p>\n","protected":false},"author":9,"featured_media":70689,"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-70688","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\/70688","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=70688"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70688\/revisions"}],"predecessor-version":[{"id":70690,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70688\/revisions\/70690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70689"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}