{"id":25272,"date":"2022-08-29T09:28:01","date_gmt":"2022-08-29T09:28:01","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/29\/european-shares-decline-on-rate-hike-worries\/"},"modified":"2022-08-29T09:28:01","modified_gmt":"2022-08-29T09:28:01","slug":"european-shares-decline-on-rate-hike-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/29\/european-shares-decline-on-rate-hike-worries\/","title":{"rendered":"European Shares Decline On Rate-hike Worries"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks fell on Monday to extend losses from the previous session, as traders priced in a 75-basis point Fed rate hike in September, taking the rate to a range of 3.75- 4 percent by the end of the year.<\/p>\n<p>Much might depend on what the August payrolls figures show this Friday., with analysts looking for a moderate rise of 285,000 jobs following July&#8217;s blockbuster 528,000 gain.<\/p>\n<p>Bond yields surged across Europe after a top ECB official said more tightening is needed even if Europe&#8217;s <span class=\"landLinks\">economy<\/span> tips into recession.<\/p>\n<p>Energy security fears also weighed as Russia&#8217;s Gazprom starts maintenance on Nord Stream on Wednesday for three days. <\/p>\n<p>The pan European Stoxx 600 was down 1.1 percent at 421.26 after losing 1.7 percent on Friday. <\/p>\n<p>The German DAX fell 1.6 percent and France&#8217;s CAC 40 index tumbled 1.7 percent, while U.K. <span class=\"landLinks\">markets<\/span> were closed for a bank holiday.<\/p>\n<p>Tech stocks led losses, with STMicroelectronics and Infineon Technologies plunging 2-4 percent. <\/p>\n<p>French drug maker Valneva advanced 1.8 percent after reporting positive late-stage trial results for its COVID-19 shot. <\/p>\n<\/p>\n<p>Business News<\/p>\n<\/div><\/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 Decline On Rate-hike Worries<\/a><br \/>\n<br \/>2022-08-29 09:28:01<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks fell on Monday to extend losses from the previous session, as traders priced in a 75-basis point Fed rate hike in September, taking the rate to a range&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-25272","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25272","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=25272"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/25273"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=25272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=25272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=25272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}