European shares opened lower on Thursday as investors remained cautious ahead of a widely expected decision by the European Central Bank to raise interest rates, as well as the troubled Swiss bank Credit Suisse unveiling restructuring plans.<\/p>\n\n\n\n
The pan-European Stoxx 600 index fell 0.3 percent after closing at a five-week high on Wednesday.<\/p>\n\n\n\n
Credit Suisse shares lost 8.5 percent after it announced plans to raise 4 billion Swiss francs ($4.05 billion) by selling shares, cutting thousands of jobs and restructuring its investment bank, in an effort to recover from a series of heavy losses.<\/p>\n\n\n\n
The bank’s stock was among the biggest losers on the Stoxx 600 index, falling to a two-week low.<\/p>\n\n\n\n
Investors are awaiting the European Central Bank’s monetary policy decision, due at 1215 GMT, amid widespread expectations that the central bank will raise rates by 75 basis points.<\/p>\n\n\n\n
The bank is also likely to take first steps to shrink its \u20ac8.8 trillion balance sheet, bloated by years of debt-buying and low-cost loans to banks.<\/p>\n\n\n\n
Neste plunged 7.2% after the Finnish refiner reported lower-than-expected operating results in the third quarter.<\/p>\n\n\n\n
Shares of Shell rose 2.1 percent after the energy giant posted a profit of $9.45 billion in the third quarter. It also revealed plans to significantly increase its dividend by the end of the year and expand its share buyback program.<\/p>\n","protected":false},"excerpt":{"rendered":"
European shares opened lower on Thursday as investors remained cautious ahead of a widely expected decision by the European Central Bank to raise interest rates, as well as the troubled Swiss bank Credit Suisse unveiling restructuring plans. The pan-European Stoxx 600 index fell 0.3 percent after closing at a five-week high on Wednesday. Credit Suisse …<\/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-74680","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\/74680","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=74680"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74680\/revisions"}],"predecessor-version":[{"id":74681,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74680\/revisions\/74681"}],"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=74680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}