European stocks rose on Friday, on the verge of recording weekly gains for the fourth week in a row, supported by hopes that the Federal Reserve (the US central bank) will soon stop raising interest rates after recording lower-than-expected inflation in March.<\/p>\n\n\n\n
The pan-European STOXX 600 was up 0.3% by 0707 GMT, after overnight data showed producer prices in the United States fell unexpectedly in March.<\/p>\n\n\n\n
The real estate sector index led the gains, up 0.7 percent, while the insurance sector shares fell 0.6 percent.<\/p>\n\n\n\n
The Stoxx 50 blue-chip index held Wednesday’s 22-year high, rising 0.3 percent.<\/p>\n\n\n\n
Hermes Group rose 0.9 percent, helped by a 23 percent increase in sales in the first quarter, above market expectations.<\/p>\n\n\n\n
TomTom shares jumped 11.8% after the Dutch digital navigation and mapping application company reported better-than-expected first-quarter revenue.<\/p>\n\n\n\n
Investors will be closely watching US corporate earnings, which will begin reporting later on Friday, with a focus on big banks including JPMorgan, Wells Fargo and Citigroup, as last month’s regional banking crisis and slowing economy loomed over the banking sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks rose on Friday, on the verge of recording weekly gains for the fourth week in a row, supported by hopes that the Federal Reserve (the US central bank) will soon stop raising interest rates after recording lower-than-expected inflation in March. The pan-European STOXX 600 was up 0.3% by 0707 GMT, after overnight data …<\/p>\n","protected":false},"author":9,"featured_media":82172,"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-82907","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\/82907","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=82907"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82907\/revisions"}],"predecessor-version":[{"id":82908,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82907\/revisions\/82908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/82172"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=82907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}