European stocks rose on Friday as bullish investors weighed the potential impact of the week-long Lunar New Year holiday after China lifted restrictions imposed to curb the spread of COVID-19, but fears of a global economic slowdown continued to dampen sentiment.<\/p>\n\n\n\n
The pan-European Stoxx 600 index was up 0.2 percent by 0813 GMT, propelled by the banking and industrial sectors.<\/p>\n\n\n\n
Shares of luxury sectors with exposure to China, such as Louis Vuitton and Hermes International, increased by more than 1% each, amid optimism about reopening in China.<\/p>\n\n\n\n
Energy stocks rose more than 1 percent, following the lead of crude oil prices, on hopes of a recovery in demand in the world’s second-largest economy.<\/p>\n\n\n\n
On Friday, China said the worst was over in its battle against COVID-19, before what was expected to be one of its busiest travel days in years, fueling fears of a further surge in infections.<\/p>\n\n\n\n
Sweden’s Ericsson fell 8 percent as the networking and communications company’s core earnings missed expectations for the third consecutive quarter.<\/p>\n\n\n\n
Sandvik shares rose 3.4 percent after fourth-quarter earnings beat expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks rose on Friday as bullish investors weighed the potential impact of the week-long Lunar New Year holiday after China lifted restrictions imposed to curb the spread of COVID-19, but fears of a global economic slowdown continued to dampen sentiment. The pan-European Stoxx 600 index was up 0.2 percent by 0813 GMT, propelled by …<\/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-78717","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\/78717","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=78717"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78717\/revisions"}],"predecessor-version":[{"id":78718,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78717\/revisions\/78718"}],"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=78717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=78717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=78717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}