The European index rose on Tuesday, supported by the rise in interest rate-sensitive real estate and technology stocks, after a three-day sell-off in the wake of the collapse of the Silicon Valley bank that caused turmoil in the banking sector worldwide.<\/p>\n\n\n\n
The pan-European STOXX 600 was up 0.1% by 0813 GMT, after falling 2.4% the day before, in the worst sell-off this year.<\/p>\n\n\n\n
The real estate and technology sectors rose 1.1 percent and 0.4 percent, respectively, as investors flocked to sectors that tend to benefit from lower interest rates.<\/p>\n\n\n\n
European bond yields continued to decline as investors bet that the European Central Bank would ease monetary policy tightening.<\/p>\n\n\n\n
The European banking stock index fell 1.1 percent, after posting its biggest loss in more than a year on Monday.<\/p>\n\n\n\n
Credit Suisse fell 1.3 percent, and HSBC fell 1.8 percent, extending its losses for the fourth consecutive day.<\/p>\n\n\n\n
HSBC bought a unit of Silicon Valley Bank on Monday, saving the unit, which is a major lender to technology start-ups in Britain.<\/p>\n","protected":false},"excerpt":{"rendered":"
The European index rose on Tuesday, supported by the rise in interest rate-sensitive real estate and technology stocks, after a three-day sell-off in the wake of the collapse of the Silicon Valley bank that caused turmoil in the banking sector worldwide. The pan-European STOXX 600 was up 0.1% by 0813 GMT, after falling 2.4% the …<\/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-81444","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\/81444","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=81444"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81444\/revisions"}],"predecessor-version":[{"id":81445,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81444\/revisions\/81445"}],"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=81444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}