{"id":85940,"date":"2023-06-29T13:07:48","date_gmt":"2023-06-29T09:07:48","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=85940"},"modified":"2023-06-29T13:07:50","modified_gmt":"2023-06-29T09:07:50","slug":"european-stocks-are-rising-due-to-strong-earnings","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-are-rising-due-to-strong-earnings\/06\/29\/market-updates\/","title":{"rendered":"European stocks are rising due to strong earnings"},"content":{"rendered":"\n<p>European stocks rose on Thursday, supported by the rise of the Swedish clothing stock, H&amp;M, after the company achieved stronger-than-expected profits, but statements related to tightening monetary policy from a number of senior central bank officials curbed risk appetite.<\/p>\n\n\n\n<p>And by 0704 GMT, the European Stoxx 600 index rose 0.1 percent, a day after a number of senior central bank officials, including Federal Reserve Chairman Jerome Powell, hinted at the need for more interest rate hikes to curb inflation.<\/p>\n\n\n\n<p>H&amp;M shares jumped 7.3 percent, to their highest level in more than a year, after the world&#8217;s second-largest apparel retailer posted higher-than-expected quarterly operating profit, and the company said it expects strong sales in the third quarter as well.<\/p>\n\n\n\n<p>H&amp;M&#8217;s rise pushed the European retail sub-index up 1.1 percent, while the auto sector was the second highest riser.<\/p>\n\n\n\n<p>Renault shares rose 4.2 percent after the French automaker raised its forecast for the full fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose on Thursday, supported by the rise of the Swedish clothing stock, H&amp;M, after the company achieved stronger-than-expected profits, but statements related to tightening monetary policy from a number of senior central bank officials curbed risk appetite. And by 0704 GMT, the European Stoxx 600 index rose 0.1 percent, a day after a &hellip;<\/p>\n","protected":false},"author":9,"featured_media":62193,"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-85940","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\/85940","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=85940"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85940\/revisions"}],"predecessor-version":[{"id":85941,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85940\/revisions\/85941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62193"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=85940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=85940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=85940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}