European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets.<\/p>\n\n\n\n
The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian stocks.<\/p>\n\n\n\n
China reported another record high in the number of COVID-19 infections on Monday after protests at the weekend, raising concerns about the feasibility of China’s “zero corona” policy and its impact on the world’s second-largest economy.<\/p>\n\n\n\n
Shares of European oil companies fell 2.0 percent, as Brent and US crude prices fell nearly 3 percent, while the decline in metal prices affected shares of mining companies, which fell 1.1 percent.<\/p>\n\n\n\n
Other European sectors exposed to China, including automakers, also fell in early trade.<\/p>\n\n\n\n
Credit Suisse shares fell 0.3 percent to a new record low. “Some clients withdrew some of their money, but very few of them actually closed their accounts,” the head of its Swiss unit told a local newspaper on Sunday.<\/p>\n\n\n\n
Shares in the distribution of Chemicals Printingag fell 7.6 percent after the German chemical distribution company said it had held preliminary discussions about a possible takeover with its American rival Univar Solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets. The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian stocks. China reported another record …<\/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-76320","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\/76320","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=76320"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76320\/revisions"}],"predecessor-version":[{"id":76321,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76320\/revisions\/76321"}],"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=76320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}