{"id":75848,"date":"2022-11-17T19:58:11","date_gmt":"2022-11-17T15:58:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=75848"},"modified":"2022-11-17T20:00:30","modified_gmt":"2022-11-17T16:00:30","slug":"performance-of-shares-sterling-react-to-uk-new-budget","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/performance-of-shares-sterling-react-to-uk-new-budget\/11\/17\/market-updates\/","title":{"rendered":"Performance of shares, sterling reacts to UK new budget"},"content":{"rendered":"\n<p>Irritating recession and interest rate worries impacted Europe&#8217;s markets on Thursday, and the pound fell as the United Kingdom seeks a way out from its disastrous fiscal experiment to leave it behind it with a new budget that is largely conceived of as austere-looking.<br><br>Early optimism about Siemens&#8217; earnings and expectations that the ECB might slow its rate hikes quickly turned into more selling in Europe with Wall Street also expected to open 1% in the red territory.<br><br>Remarks by Fed policymakers drove the dollar\u2019s comeback by 0.7% higher after a recent 7% decline and made government debt markets nervous again.<br><br>The sterling had gone from $1.193 to $1.1798 against the US dollar in London by the time the country&#8217;s finance minister Jeremy Hunt had delivered his new budget plan of 55 billion pounds ($64.93 billion) of tax rises and spending cuts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Irritating recession and interest rate worries impacted Europe&#8217;s markets on Thursday, and the pound fell as the United Kingdom seeks a way out from its disastrous fiscal experiment to leave it behind it with a new budget that is largely conceived of as austere-looking.Early optimism about Siemens&#8217; earnings and expectations that the ECB might slow &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32423,"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":[37,39,36],"tags":[10029,6879,7046,10083],"class_list":["post-75848","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-jeremy-hunt","tag-shares","tag-sterling","tag-uk-budget"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75848","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=75848"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75848\/revisions"}],"predecessor-version":[{"id":75857,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75848\/revisions\/75857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32423"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}