{"id":72388,"date":"2022-09-19T12:00:15","date_gmt":"2022-09-19T08:00:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72388"},"modified":"2022-09-19T12:00:16","modified_gmt":"2022-09-19T08:00:16","slug":"european-stocks-open-lower-as-tech-stocks-fall","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-open-lower-as-tech-stocks-fall\/09\/19\/market-updates\/","title":{"rendered":"European stocks open lower as tech stocks fall"},"content":{"rendered":"\n<p>European shares rebounded at the open on Monday and technology shares led the decline amid expectations of a significant interest rate hike by the Federal Reserve (the US central bank) in the coming days.<\/p>\n\n\n\n<p>The pan-European STOXX 600 index fell 0.4 percent, hitting its lowest level in two months, while the technology sector index, sensitive to interest rates, fell by 0.6 percent.<\/p>\n\n\n\n<p>This week, all eyes will be on the Federal Open Market Committee, the US central bank&#8217;s rate-setting body, which will announce its decision on Wednesday. Most analysts expect it to announce a third straight increase of 75 basis points.<\/p>\n\n\n\n<p>On Friday, European markets ended their worst weekly performance in three months as recession fears escalated amid sharp tightening from central banks.<\/p>\n\n\n\n<p>Volkswagen shares rose 0.4 percent after a valuation of 75 billion euros ($75.1 billion) for luxury sports car maker Porsche, in what would be Germany&#8217;s second largest initial public offering ever.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares rebounded at the open on Monday and technology shares led the decline amid expectations of a significant interest rate hike by the Federal Reserve (the US central bank) in the coming days. The pan-European STOXX 600 index fell 0.4 percent, hitting its lowest level in two months, while the technology sector index, sensitive &hellip;<\/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-72388","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\/72388","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=72388"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72388\/revisions"}],"predecessor-version":[{"id":72389,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72388\/revisions\/72389"}],"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=72388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}