HomeEconomyEuropean stocks rise; set to end painful September quarter decline Economy European stocks rise; set to end painful September quarter decline By farahat September 30, 2022 0 121 views Share FacebookTwitterPinterestWhatsApp Tok +1.% added to watchlist /Remove from watchlist Add to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 1 : 11 1: 1: 1: 03 Committee Member: 0900 0900 CREATE NEW WATCH LIST CREATE 0810 2011 CREATE NEW HOLDING PORTFOLIO ADD CREATE 1000400 + Add another position to close by Devik Jain (Reuters) – European stock indexes climbed on Friday after a painful quarter The last trading day of , was hit by concerns over the impact of aggressive central bank policy tightening on growth and corporate earnings. within the area 400 Stoke 11 Index up 1% GMT, bargain hunting for battered stocks in retailers, oil and gas companies and banks Led by, rose 1.8% to 2%. The index fell 5% in the July-September period and is on track for a third straight quarter of declines, which would be the largest since 10 . It fell 6.8% this month. Markets have been under pressure since Russia’s war with Ukraine shook the region earlier this year and sent gas prices surging Inflation is rampant, fueling fears of a recession as the central bank raises interest rates sharply. “We did a massive reassessment of asset prices and markets John Woolfitt, Head of Trading, Atlantic Capital Markets said: “There is a tug of war going on in the market right now . On the one hand there are bargain hunters looking for prices not seen in a while, on the other just rebalancing portfolios to make sure certain assets are not already held in this new era. “ Data earlier in the day showed that inflation in the Netherlands jumped to Percentage in September, the highest energy price hike in decades. All eyes are on Focus on Eurozone inflation data for September to be released at GMT might strengthen another 10 basis point ECB rate hike in October. German inflation accelerated to .9%, exceeding market expectations. EU nations may approve an emergency tax on energy on Friday on companies’ windfall profits Negotiations begin on next steps for European energy crunch. Russian President Vladimir Putin will host the Kremlin on Friday Palace ceremony, annexation of four regions of Ukraine, after Kyiv and what the West said was a fake vote at gunpoint. Italy’s Webuild rose 1.9 percent after the builder said it expected its business results this year to “significantly beat” expectations. German sportswear manufacturers Puma and Adidas (OTC: stock ADDYY) fell 5.1% and 4.1%, respectively, in the US competitors 40052 NIKE Corporation (NYSE: NKE ) warned that as full-year gross margins will remain under pressure, increasing discounts and a rapidly strengthening dollar. Share FacebookTwitterPinterestWhatsApp Previous articleBulgarian central bank raises capital buffer as lending risks remain highNext articleGoka Anime Reveals More Actors, Opening Song Artists farahat RELATED ARTICLES Economy Bank of Canada hikes rates as alarmed by household spending, stubborn inflation June 8, 2023 Economy Goldman Sachs plans to tackle sluggish growth, rising inflation June 8, 2023 Economy Draghi: The fight against inflation is not over, rates will stay high for longer June 8, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Bank of Canada hikes rates as alarmed by household spending, stubborn inflation June 8, 2023 Mark Ruffalo to Star in HBO Series Created from 'Mare of Easttown' June 8, 2023 'Giant,' 'Southern' actress Noreen Nash dies at 99 June 8, 2023 Damian Lillard mentions Miami Carton Show in hypothetical trade June 8, 2023 Load more Featured NEWS Nestor after debut: 'I'm happy with where I am now' March 26, 2023 SWV on Their Fan Favorite Bravo Show, Upcoming Tour and Legacy April 14, 2023 Fed's Williams: Financial conditions appear broadly in line with Fed's policy outlook February 8, 2023 Former Bank of Japan Governor Haruhiko Kuroda hired by University of Tokyo April 12, 2023 Load more
