{"id":19428,"date":"2022-03-09T10:13:13","date_gmt":"2022-03-09T10:13:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/03\/09\/european-shares-rebound-from-recent-selloff\/"},"modified":"2022-03-09T10:13:13","modified_gmt":"2022-03-09T10:13:13","slug":"european-shares-rebound-from-recent-selloff","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/03\/09\/european-shares-rebound-from-recent-selloff\/","title":{"rendered":"European Shares Rebound From Recent Selloff"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks bounced back on Wednesday, after having suffered heavy losses in the past four sessions on worries around the Russia-Ukraine crisis. <\/p>\n<p>Sentiment was helped after analysts said the U.S. and U.K. ban on Russian oil imports will be far disruptive to global <span class=\"landLinks\">markets<\/span> than a full international embargo.<\/p>\n<p>Also, Ukraine President Volodymyr Zelensky said he is no longer pressing for NATO membership for Ukraine, a delicate issue that was one of Russia&#8217;s stated reasons for invading its pro-Western neighbor.<\/p>\n<p>The pan European Stoxx 600 was up 3.3 percent at 428.57 after declining half a percent on Tuesday. The German DAX surged nearly 5 percent, France&#8217;s CAC 40 index climbed 4.6 percent and the U.K.&#8217;s FTSE 100 was up 1.9 percent. <\/p>\n<p>Banks topped the gainers list, with Commerzbank, Deutsch Bank, BNP Paribas and UniCredit climbing 6-9 percent after recent string of heavy loses.<\/p>\n<p>British insurer Prudential jumped 6 percent after it posted a 16 percent rise in operating profit last year, helped by strong new insurance sales.<\/p>\n<p>Phoenix Group Holdings rallied 3 percent. The company said it was talking to its asset management partners to understand how they are managing their Russia and Ukraine risks.<\/p>\n<p>Consumer goods giant Unilever added 1.5 percent after suspending imports and exports out of Russia.<\/p>\n<p>Polymetal International shares soared 42 percent. The precious metals miner said it continued to be unaffected by ongoing sanctions in Russia.<\/p>\n<p>Oil &amp; gas explorer Tullow Oil fell more than 8 percent after it refrained from upgrading cashflow expectations.<\/p>\n<p>Apple suppliers such as ASML, ams and Infineon surged 6-7 percent after Apple Inc announced a new version of its low-cost iPhone SE that includes 5G connectivity, a new iPad Air and a faster chip for its desktop Mac computers.<\/p>\n<p>French software major Dassault Syst\u00e8mes SA advanced 3.3 percent. The company said it has decided to suspend all new <span class=\"landLinks\">business<\/span> in Russia and Belarus, following ongoing Russian invasion in Ukraine.<\/p>\n<p>Similarly, Alstom SA , a rolling stock maker, soared 9 percent after saying it has decided to suspend all deliveries to Russia, and suspend all future investments in the country.<\/p>\n<p>Adidas gained 9.3 percent after the German sportswear firm forecast strong growth for the year.<\/p>\n<p>Logistics company Deutsche Post jumped 7.4 percent after reporting a 65 percent increase in 2021 operating profit. <\/p>\n<\/p>\n<p>Business News<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Shares Rebound From Recent Selloff<\/a><br \/>\n<br \/>2022-03-09 10:13:13<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks bounced back on Wednesday, after having suffered heavy losses in the past four sessions on worries around the Russia-Ukraine crisis. Sentiment was helped after analysts said the U.S&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":19429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-19428","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/19428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=19428"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/19428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/19429"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=19428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=19428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=19428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}