{"id":129238,"date":"2022-09-09T07:36:43","date_gmt":"2022-09-09T07:36:43","guid":{"rendered":"https:\/\/fin2me.com\/?p=129238"},"modified":"2022-09-09T07:36:43","modified_gmt":"2022-09-09T07:36:43","slug":"european-shares-rebound-ahead-of-us-jobs-data","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/european-shares-rebound-ahead-of-us-jobs-data\/","title":{"rendered":"European Shares Rebound Ahead Of US Jobs Data"},"content":{"rendered":"

European stocks rebounded on Friday despite mounting concerns over Europe’s energy crisis and slowing growth momentum in the global economy<\/span>.<\/p>\n

Traders remained focused on a key U.S. monthly jobs report due later in the day that will give more information about the state of the world’s largest economy.<\/p>\n

Meanwhile, market participants shrugged off data showing that German exports dropped for the first time in four months in July.<\/p>\n

The pan European Stoxx 600 rose 0.7 percent to snap a five-session losing streak but was set for a weekly loss of nearly 4 percent. <\/p>\n

The German DAX rallied 1.3 percent, while France’s CAC 40 index and the U.K.’s FTSE 100 both were up around 0.6 percent. <\/p>\n

Banks and automakers were seeing broad-based gains. <\/p>\n

Credit Suisse shares gained 2.3 percent after reports that the embattled Swiss bank is looking at cutting around 5,000 jobs as part of a cost-reduction drive.<\/p>\n

Oil & gas firm BP Plc jumped nearly 3 percent and Shell added 2 percent in London, as oil prices rose nearly 3 percent ahead of next week’s OPEC+ meeting to discuss output cuts. <\/p>\n

The United States said Thursday that a new response received from Iran on reviving a landmark nuclear deal of 2015 was unconstructive, putting a new hurdle on finalizing the agreement.<\/p>\n

Ashmore Group surged 4.4 percent. After posting a decline in earnings for the fiscal 2022, the investment manager said it hopes the next 12 months offers potential for better conditions.<\/p>\n

French industrial gases company Air Liquide Group fell about 1 percent. The company confirmed its intention to withdraw from Russia.<\/p>\n

German food and beverages company GEA Group AG gained 1 percent. The company said it is investing 70 million euros to construct a new pharmaceutical technology<\/span> center for freeze dryers in Germany.<\/p>\n

Airline Lufthansa climbed 2.4 percent despite a pilots’ strike. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

European stocks rebounded on Friday despite mounting concerns over Europe’s energy crisis and slowing growth momentum in the global economy. 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