European stocks fell for the seventh consecutive session on Thursday, heading towards the longest losing streak in more than five years, affected by fears of a slowdown in the European economy and keeping US interest rates high.<\/p>\n\n\n\n
By 0714 GMT, the European STOXX 600 index fell 0.4 percent, hitting its lowest level in a week. The last time it suffered a losing streak for seven consecutive days was in February 2018.<\/p>\n\n\n\n
Interest rate-sensitive technology stocks fell nearly 1 percent as US Treasury bond yields rose after the release of stronger-than-expected US services sector data on Wednesday, raising concerns that stubborn inflation means interest rates will remain high for a longer period.<\/p>\n\n\n\n
The Federal Reserve and the European Central Bank are scheduled to make monetary policy decisions this month.<\/p>\n\n\n\n
In a new sign of the slowdown in Europe’s largest economy, data showed that German industrial output fell slightly more than expected in July.<\/p>\n\n\n\n
On the other hand, Direct Line Group shares jumped 14.1 percent after the British car and home insurance company expected to achieve better operating profits in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks fell for the seventh consecutive session on Thursday, heading towards the longest losing streak in more than five years, affected by fears of a slowdown in the European economy and keeping US interest rates high. By 0714 GMT, the European STOXX 600 index fell 0.4 percent, hitting its lowest level in a week. …<\/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-89113","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\/89113","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=89113"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89113\/revisions"}],"predecessor-version":[{"id":89114,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89113\/revisions\/89114"}],"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=89113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=89113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=89113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}