{"id":1660509,"date":"2022-09-27T13:08:27","date_gmt":"2022-09-27T17:08:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1660509"},"modified":"2022-09-27T13:08:36","modified_gmt":"2022-09-27T17:08:36","slug":"europe-shares-slip-as-uk-adds-to-rate-hike-worries","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/europe-shares-slip-as-uk-adds-to-rate-hike-worries\/","title":{"rendered":"Europe shares slip as UK adds to rate hike worries"},"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\">20<\/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%2Feurope-shares-slip-as-uk-adds-to-rate-hike-worries%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=1660509&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 Devik Jain and Amruta Khandekar<\/p>\n<p>(Reuters) -Europe bourses fell on Tuesday, extending a sell-off driven by escalating fears of a recession amid aggressive policy tightening by central banks, with London stocks reeling from worries about a new economic plan. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Germany\u2019s DAX slipped 0.7% to November 2020 lows, while Italy\u2019s MIB index lost 1.2% giving back all of Monday\u2019s election relief gains. <\/p>\n<p>The continent-wide STOXX 600 index  closed down 0.1% after a volatile session which saw it rise as much as 1.3%. <\/p>\n<p>Gains in miners, energy and healthcare stocks were offset by sharp falls in banks and utilities. <\/p>\n<p>London\u2019s blue-chip FTSE index slipped 0.5% as the pound recovered from Monday\u2019s record lows on worries about the impact from the UK\u2019s \u201cmini budget\u201d.<\/p>\n<p>\u201cThe stabilisation of the pound has come on the back of expectations that the Bank of England will tighten policy a lot. There\u2019s decent space for the BoE to disappoint expectations and if that happens, the pound could resume its downside ride against the dollar,\u201d said Themos Fiotakis, head of FX research at Barclays in London.<\/p>\n<p>The STOXX 600 lost 4.4% in the last four sessions, as downbeat data on regional economic activity coupled with interest rate hikes by several central banks fed fears of a global economic downturn.<\/p>\n<p>\u201cWe had a pretty big spike in risk aversion in September, so there is a little bit of short covering, there\u2019s a little bit of relief but nothing particularly fundamental,\u201d said Fiotakis.<\/p>\n<p>\u201cIn fact, what I worry is that if we continue to get datasets that are solid for the United States, we could see an even more hawkish Federal Reserve response.\u201d<\/p>\n<p>Markets have been wary about the pace of tightening by the Fed this year after three super-sized 75-basis-point interest rate hikes and hawkish signals. <\/p>\n<p>Goldman Sachs expects the European Central Bank to hike rates by 75 basis points at its next two meetings, Bloomberg News reported. The ECB has already raised its key rate by 125 basis points to 0.75%, the fastest pace of rate hikes in its history.<\/p>\n<p>Among individual shares, Nexi gained 2.7% after the company estimated an excess cash generation of around 2.8 billion euros ($2.70 billion) in 2023-2025 which can be used to pursue M&#038;A opportunities or to return capital to shareholders via buyback and dividends.<\/p>\n<p> (Reporting by Devik Jain, Amruta Khandekar and Susan Mathew in Bengaluru;  Editing by Sherry Jacob-Phillips)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/europe-shares-slip-as\/attachment\/german-share-price-index-dax-graph-is-pictured-at-the-17\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8Q08J-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8Q08J-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Devik Jain and Amruta Khandekar (Reuters) -Europe bourses fell on Tuesday, extending a sell-off driven by escalating fears of a recession amid aggressive policy tightening by central banks, with<\/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-1660509","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\/1660509","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=1660509"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1660509\/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=1660509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1660509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1660509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}