European stocks rose on Tuesday, tracking a global rally in stocks after China eased COVID-19 restrictions, raising hopes for a recovery in the world’s second-largest economy.<\/p>\n\n\n\n
The pan-European STOXX 600 index rose 0.6 percent after the long Christmas weekend. It had lost about 12 percent since the beginning of the year.<\/p>\n\n\n\n
And affected fears of economic recession due to the tightening of monetary policy by central banks severely affected European stocks this year.<\/p>\n\n\n\n
China said it would waive quarantine requirements for inbound visitors, further easing border controls for three years aimed at curbing COVID-19.<\/p>\n\n\n\n
Mining stocks rose 1.2 percent and energy stocks rose 1.4 percent, as commodity prices jumped on hopes of a recovery in demand in China.<\/p>\n\n\n\n
LVMH shares rose 1.9 percent and Kering 1.3 percent. Both companies are exposed to China.<\/p>\n\n\n\n
The manufacturing and banking sectors increased for the second session in a row, lifting the broader European index.<\/p>\n\n\n\n
Traders and analysts said that weak trading volumes during the holidays affected market movements.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks rose on Tuesday, tracking a global rally in stocks after China eased COVID-19 restrictions, raising hopes for a recovery in the world’s second-largest economy. The pan-European STOXX 600 index rose 0.6 percent after the long Christmas weekend. It had lost about 12 percent since the beginning of the year. And affected fears of …<\/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-77575","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\/77575","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=77575"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77575\/revisions"}],"predecessor-version":[{"id":77576,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77575\/revisions\/77576"}],"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=77575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=77575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=77575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}