{"id":73877,"date":"2022-10-12T13:27:33","date_gmt":"2022-10-12T09:27:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73877"},"modified":"2022-10-12T13:27:36","modified_gmt":"2022-10-12T09:27:36","slug":"european-shares-fall-due-to-mixed-business-results","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-fall-due-to-mixed-business-results\/10\/12\/market-updates\/","title":{"rendered":"European shares fall due to mixed business results"},"content":{"rendered":"\n<p>European shares fell on Wednesday after a batch of mixed business results highlighted the impact of tight monetary policy and rising inflation on corporate earnings.<\/p>\n\n\n\n<p>The pan-European STOXX 600 index fell 0.2 percent by 0706 GMT, the sixth consecutive session of losses, with the real estate and banking sectors leading the decline.<\/p>\n\n\n\n<p>Poor business results for Barrat Developments, Britain&#8217;s largest home builder, led to a sell-off in the sector.<\/p>\n\n\n\n<p>Philips shares plunged 8.1 percent after the Dutch company announced a 60 percent drop in its core quarterly profit.<\/p>\n\n\n\n<p>Credit Suisse shares fell 3.6 percent after Bloomberg reported that the US Department of Justice was investigating the Swiss bank&#8217;s continued help of US clients to hide their assets from authorities, eight years after the bank paid a $2.6 billion tax evasion settlement.<\/p>\n\n\n\n<p>Among the gainers was LVMH, which rose 0.9 percent after the French luxury goods giant beat market expectations for third-quarter sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares fell on Wednesday after a batch of mixed business results highlighted the impact of tight monetary policy and rising inflation on corporate earnings. The pan-European STOXX 600 index fell 0.2 percent by 0706 GMT, the sixth consecutive session of losses, with the real estate and banking sectors leading the decline. Poor business results &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70012,"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-73877","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\/73877","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=73877"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73877\/revisions"}],"predecessor-version":[{"id":73878,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73877\/revisions\/73878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70012"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}