{"id":1594439,"date":"2022-08-08T12:09:46","date_gmt":"2022-08-08T16:09:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1594439"},"modified":"2022-08-08T12:09:54","modified_gmt":"2022-08-08T16:09:54","slug":"european-shares-bounce-back-from-u-s-jobs-report-hammering","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/european-shares-bounce-back-from-u-s-jobs-report-hammering\/","title":{"rendered":"European shares bounce back from U.S. jobs report hammering"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feuropean-shares-bounce-back-from-u-s-jobs-report-hammering%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1594439&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Shreyashi Sanyal<\/p>\n<p>(Reuters) -European shares rose on Monday, lifted by cyclical and growth stocks, after clocking falls in the previous week when a strong U.S. jobs report rekindled bets of another aggressive rate hike by the Federal Reserve.<\/p>\n<p>The pan-European STOXX 600 index added 0.5%, steadying after snapping two weeks of gains on Friday.<\/p>\n<p>Economically-sensitive sectors including miners, financial services and autos led the gains on Monday. Growth-oriented technology stocks advanced 1.2%.<\/p>\n<p>Focus shifts to a key inflation data from the world\u2019s biggest economy later in the week. Global stock markets were spooked on Friday after data showed a large increase in U.S. employment, denting hopes that the Fed might let up in its series of rate hikes aimed at taming surging inflation. <\/p>\n<p>After ending July with gains of over 7%, the STOXX 600 has struggled this month to extend the momentum on worries over dour economic data, rising geopolitical tensions and fears that higher interest rates could tip the economy into a recession. <\/p>\n<p>\u201cLower savings by households are supporting consumer spending, the eventual outcome could be a soft landing but the risk remains of a slump,\u201d said Mark Haefele, chief investment officer at UBS Global Wealth Management. <\/p>\n<p>\u201cAgainst this uncertain backdrop, investors should ensure a robust portfolio that can perform in various outcomes. We prefer defensives such as healthcare as well as quality income, and value stocks.\u201d<\/p>\n<p>Meanwhile, the European healthcare sector missed out the broader rally, up 0.1%, after the U.S. Senate on Sunday passed a bill intended to lower drug prices among other things.    <\/p>\n<p>Other defensive stocks, including European utilities and real estate, added around 1% each.  <\/p>\n<p>French utility company Veolia rose 1.9% as it confirmed it would sell Suez\u2019s UK waste business to Australia\u2019s Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion). <\/p>\n<p>Siemens Energy, which supplies equipment to the power industry, fell 2.5% as it warned of a deeper-than-previously-expected net loss in 2022 from charges due to the restructuring of its business in Russia.<\/p>\n<p>Richemont asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and against the person\u2019s election to the luxury group\u2019s board at its upcoming annual general meeting. Shares rose 0.7%. <\/p>\n<p>Italian stocks lagged their European peers after global ratings agency Moody\u2019s cut the country\u2019s outlook to \u201cnegative\u201d from \u201cstable\u201d on Friday.<\/p>\n<p> (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2735324\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI7708M-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI7708M-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Shreyashi Sanyal (Reuters) -European shares rose on Monday, lifted by cyclical and growth stocks, after clocking falls in the previous week when a strong U.S. jobs report rekindled bets<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1594439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1594439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1594439"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1594439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1594439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1594439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1594439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}