{"id":79042,"date":"2023-01-26T13:57:18","date_gmt":"2023-01-26T09:57:18","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=79042"},"modified":"2023-01-26T13:57:20","modified_gmt":"2023-01-26T09:57:20","slug":"european-stocks-rise-thanks-to-optimism-about-earnings","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-rise-thanks-to-optimism-about-earnings\/01\/26\/market-updates\/","title":{"rendered":"European stocks rise thanks to optimism about earnings"},"content":{"rendered":"\n<p>European stocks rose on Thursday as strong quarterly earnings from ST Microelectronics, Sabadell and Nokia allayed concerns about corporate earnings season amid signs of a recession.<\/p>\n\n\n\n<p>The pan-European Stoxx 600 index was up 0.6% by 0835 GMT, with technology and financial services shares leading the gains.<\/p>\n\n\n\n<p>STMicroelectronics jumped 8.4% after the chipmaker reported more-than-expected sales in the fourth quarter of 2022.<\/p>\n\n\n\n<p>Spanish lender Sabadell rose 8.8% after management&#8217;s optimistic comment on net interest income for 2024 despite a drop in fourth-quarter net profit.<\/p>\n\n\n\n<p>Nokia shares rose 5.5% after the Finnish telecoms equipment maker beat its quarterly operating profit forecast and predicted higher sales in 2023.<\/p>\n\n\n\n<p>Expectations have grown that the eurozone economy will witness a slowdown in growth, but without entering into a recession in 2023, thanks to the reopening of China and Europe&#8217;s ability to continue supplying electricity during the winter, in light of warmer weather and enhanced generation capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose on Thursday as strong quarterly earnings from ST Microelectronics, Sabadell and Nokia allayed concerns about corporate earnings season amid signs of a recession. The pan-European Stoxx 600 index was up 0.6% by 0835 GMT, with technology and financial services shares leading the gains. STMicroelectronics jumped 8.4% after the chipmaker reported more-than-expected sales &hellip;<\/p>\n","protected":false},"author":9,"featured_media":44251,"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-79042","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\/79042","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=79042"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79042\/revisions"}],"predecessor-version":[{"id":79043,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79042\/revisions\/79043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=79042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=79042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=79042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}