European shares fell on Monday after Russia extended a halt to gas flows through the Nord Stream 1 pipeline to Europe, raising concerns about energy prices and growth and prompting governments to announce emergency measures.<\/p>\n\n\n\n
The pan-European Stoxx 600 index was down 1.6 percent by 0713 GMT, while the German DAX was down 2.8 percent.<\/p>\n\n\n\n
Shares of German utility companies Uniper, RWE and E. ON and BNE are between 3.5% and 11%.<\/p>\n\n\n\n
Gazprom announced on Friday that the main pipeline to Germany would remain closed indefinitely while it was expected to restart on Saturday after three days of maintenance.<\/p>\n\n\n\n
On Sunday, the Kremlin blamed European politicians for keeping the main gas pipeline closed, saying their economic sanctions had hampered pipeline maintenance.<\/p>\n\n\n\n
A document seen by Reuters showed that European Union energy ministers will discuss options to curb high energy prices, including setting a cap on gas prices and emergency credit lines for energy market partners. Union ministers are scheduled to meet on the ninth of September.<\/p>\n\n\n\n
Investors are also awaiting the European Central Bank’s meeting this week. It is expected to raise the interest rate by 75 basis points to curb inflation, which reached a record level.<\/p>\n\n\n\n
Shares of energy companies in Europe rose 1 percent amid a rise in oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
European shares fell on Monday after Russia extended a halt to gas flows through the Nord Stream 1 pipeline to Europe, raising concerns about energy prices and growth and prompting governments to announce emergency measures. The pan-European Stoxx 600 index was down 1.6 percent by 0713 GMT, while the German DAX was down 2.8 percent. …<\/p>\n","protected":false},"author":9,"featured_media":70957,"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-71496","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\/71496","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=71496"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71496\/revisions"}],"predecessor-version":[{"id":71497,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71496\/revisions\/71497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70957"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}