{"id":83837,"date":"2023-05-09T12:33:05","date_gmt":"2023-05-09T08:33:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=83837"},"modified":"2023-05-09T12:33:07","modified_gmt":"2023-05-09T08:33:07","slug":"european-stocks-declined-with-the-decline-in-the-swedish-sbb-stock","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-declined-with-the-decline-in-the-swedish-sbb-stock\/05\/09\/market-updates\/","title":{"rendered":"European stocks declined with the decline in the Swedish SBB stock"},"content":{"rendered":"\n<p>European stocks fell on Tuesday, with Sweden&#8217;s SBB leading the losers after the company postponed its dividend, while investors remained wary ahead of important US economic data.<\/p>\n\n\n\n<p>The pan-European STOXX 600 index was down 0.2% by 0706 GMT, as investors awaited US consumer price data later this week for clues about whether the Federal Reserve will pause interest rate hikes.<\/p>\n\n\n\n<p>SBB shares fell 7.7 percent after the Swedish company said on Monday it would defer paying dividends and not offer equity of 2.63 billion Swedish crowns ($259.1 million) after Standard &amp; Poor&#8217;s Global downgraded its credit rating.<\/p>\n\n\n\n<p>Limiting losses, Banco BPM rose 4.9 percent after Italy&#8217;s third-largest lender raised its profit target for this year and next, after posting stronger-than-expected first-quarter earnings.<\/p>\n\n\n\n<p>Fresenius Medical Care rose 1.4 percent after the German healthcare company reported a smaller-than-expected drop in adjusted operating income in the first quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks fell on Tuesday, with Sweden&#8217;s SBB leading the losers after the company postponed its dividend, while investors remained wary ahead of important US economic data. The pan-European STOXX 600 index was down 0.2% by 0706 GMT, as investors awaited US consumer price data later this week for clues about whether the Federal Reserve &hellip;<\/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-83837","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\/83837","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=83837"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83837\/revisions"}],"predecessor-version":[{"id":83838,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83837\/revisions\/83838"}],"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=83837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=83837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=83837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}