{"id":1634020,"date":"2022-09-06T11:20:02","date_gmt":"2022-09-06T15:20:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1634020"},"modified":"2022-09-06T11:20:16","modified_gmt":"2022-09-06T15:20:16","slug":"european-shares-find-footing-after-rough-start-to-week","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/european-shares-find-footing-after-rough-start-to-week\/","title":{"rendered":"European shares find footing after rough start to week"},"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-find-footing-after-rough-start-to-week%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=1634020&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 edged higher on Tuesday following a bleak start to the week on worries over a looming energy crisis and recession, while Credit Suisse Group rose after the Swiss bank agreed to sell its global trust business.<\/p>\n<p>The continent-wide STOXX 600 index ticked up 0.2% after a 0.6% loss in the previous session as Russia stopped pumping gas via the Nord Stream 1 pipeline to Europe. <\/p>\n<p>Germany\u2019s DAX index crawled 0.1% higher after slumping more than 2% lower on Monday over rising concerns that Europe\u2019s largest economy was heading for a recession.<\/p>\n<p>Investors closely tracked the latest on the Nord Stream gas stoppage, which has sparked fears about surging energy prices and winter shortages in the region.<\/p>\n<p>Shipments of Russian natural gas through the key pipeline will not resume until Siemens Energy repairs faulty equipment, Gazprom Deputy Chief Executive Officer Vitaly Markelov told Reuters.<\/p>\n<p>Multiple surveys on Monday showed that the euro zone is almost certainly entering a recession, as a deepening cost of living crisis and a gloomy outlook keep consumers wary of spending.<\/p>\n<p>Separately, data showed German industrial orders fell 1.1% in July, down for the sixth month in a row as the war in Ukraine continues to take its toll.    <\/p>\n<p>Meanwhile, the European Central Bank is expected to deliver a large 75 basis-point interest rate hike to tame the surge in prices in its upcoming meeting on Thursday.    <\/p>\n<p>\u201cThe central bank (ECB) is expected to fire a monetary bazooka in the form of a 75-basis point rate increase. Indeed, with inflation hitting a record high in August\u2026 the central bank needs to employ all tools to tame rampant prices,\u201d said Lukman Otunuga, senior research analyst at FXTM. <\/p>\n<p>Credit Suisse Group gained 0.7% after agreeing to sell its global trust business to The Bank of N.T. Butterfield &#038; Son Limited and Gasser Partner Trust.<\/p>\n<p>Volkswagen rose 1.9% on its decision to trigger an IPO of its sportscar brand Porsche, with chief executive Oliver Blume saying the listing could break the ice in capital markets.<\/p>\n<p>Shares of Siemens Energy climbed 1.1% as it was set to rejoin the Germany\u2019s premier DAX stock index, effective from Sept. 19.<\/p>\n<p> (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sherry Jacob-Phillips and Sriraj Kalluvila)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2745723\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI850BH-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI850BH-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Shreyashi Sanyal (Reuters) -European shares edged higher on Tuesday following a bleak start to the week on worries over a looming energy crisis and recession, while Credit Suisse Group<\/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-1634020","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\/1634020","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=1634020"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1634020\/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=1634020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1634020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1634020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}