{"id":22950,"date":"2023-09-28T16:36:39","date_gmt":"2023-09-28T16:36:39","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/european-shares-snap-five-day-losing-streak-as-miners-gain\/"},"modified":"2023-09-28T16:36:39","modified_gmt":"2023-09-28T16:36:39","slug":"european-shares-snap-five-day-losing-streak-as-miners-gain","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=22950","title":{"rendered":"European shares snap five-day losing streak as miners gain"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2023. REUTERS\/Staff\/file photo<\/span>
\n<\/i>\n<\/div>\n

By Bansari Mayur Kamdar and Shubham Batra<\/p>\n

(Reuters) -European shares snapped a five-day losing streak to edge higher on Thursday after a jump in mining stocks, while German inflation rose less than expected in September, boosting investor sentiment. <\/p>\n

The pan-European index rose 0.4%, while Spain’s IBEX index outperformed its peers, climbing 1.0%.<\/p>\n

German consumer prices, harmonised to compare with other European Union countries, rose by 4.3% on the year in September, preliminary data from the federal statistics office showed on Thursday.<\/p>\n

Analysts polled by Reuters had forecast harmonised annual inflation of 4.5% after a reading of 6.4% in August.<\/p>\n

“The fight against inflation is not yet won and the tailwinds from base effects will be fading quickly. In fact, in December there will be a strong positive base effect looming due to the one-off payment of heating bills in December 2022,” said Christian Fuertjes, economist at HSBC Global Research.<\/p>\n

The basic resources index soared 2.2%, led by a 5.0% jump in Sweden-based Billerud AB after brokerage SEB raised the stock’s rating to “buy” from “hold”.<\/p>\n

Utilities were the top losers, sliding 1.1%.<\/p>\n

Energy shares also boosted the STOXX 600 and were up 0.7% as crude prices jumped after a drop in stocks added to worries over tight global supplies from OPEC+ output cuts.<\/p>\n

French energy company TotalEnergies (EPA:) hit a record high, trading 1.1% higher after finalising a sale to Petronas.<\/p>\n

Germany’s Thyssenkrupp (ETR:) jumped 6.5% after Handelsblatt reported that the company is in talks to sell 50% of its steel division to Czech billionaire Daniel Kretinsky.<\/p>\n

Ryanair ended 0.4% higher on Thursday but fell during the day after the European airline announced a number of cuts to its winter schedule due to the Boeing (NYSE:) delivery delays. It added that its full-year traffic forecast was unaffected “as yet”.<\/p>\n

The Italian government on Wednesday cut its growth forecasts for this year and the next and hiked its budget deficit targets. <\/p>\n

Stocks in Italy rose 0.5% after falling earlier in the session.<\/p>\n

AMS Osram dropped 20.1% to the bottom of the index after the Switzerland-listed sensor maker announced plans for a 2.25 billion euro ($2.36 billion) capital increase.<\/p>\n

Betting company 888 Holdings slumped 11.6% on lowering its annual core profit expectations after a 10% decline in third-quarter revenue, partly due to tighter regulations in Britain.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2023. REUTERS\/Staff\/file photo By Bansari Mayur Kamdar and Shubham Batra (Reuters) -European shares snapped a five-day losing streak to edge higher on Thursday after a jump in mining stocks, while German inflation rose<\/p>\n","protected":false},"author":1,"featured_media":22951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-22950","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nEuropean shares snap five-day losing streak as miners gain | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=22950\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European shares snap five-day losing streak as miners gain | Micro Loan Nexus\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/microloannexus.com\/?p=22950\" \/>\n<meta property=\"og:site_name\" content=\"Micro Loan Nexus\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-28T16:36:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/LYNXNPEA9L0AI_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"485\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/microloannexus.com\/?p=22950#article\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/?p=22950\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\"},\"headline\":\"European shares snap five-day losing streak as miners gain\",\"datePublished\":\"2023-09-28T16:36:39+00:00\",\"dateModified\":\"2023-09-28T16:36:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/microloannexus.com\/?p=22950\"},\"wordCount\":403,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/microloannexus.com\/?p=22950#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/microloannexus.com\/?p=22950\",\"url\":\"https:\/\/microloannexus.com\/?p=22950\",\"name\":\"European shares snap five-day losing streak as miners gain | Micro Loan Nexus\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/#website\"},\"datePublished\":\"2023-09-28T16:36:39+00:00\",\"dateModified\":\"2023-09-28T16:36:39+00:00\",\"description\":\"\u00a9 Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2023.\",\"breadcrumb\":{\"@id\":\"https:\/\/microloannexus.com\/?p=22950#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/microloannexus.com\/?p=22950\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/microloannexus.com\/?p=22950#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/microloannexus.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"European shares snap five-day losing streak as miners gain\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/microloannexus.com\/#website\",\"url\":\"https:\/\/microloannexus.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/microloannexus.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/microloannexus.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/microloannexus.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/microloannexus.com\"],\"url\":\"https:\/\/microloannexus.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"European shares snap five-day losing streak as miners gain | Micro Loan Nexus","description":"\u00a9 Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2023.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/microloannexus.com\/?p=22950","og_locale":"en_US","og_type":"article","og_title":"European shares snap five-day losing streak as miners gain | Micro Loan Nexus","og_description":"\u00a9 Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2023.","og_url":"https:\/\/microloannexus.com\/?p=22950","og_site_name":"Micro Loan Nexus","article_published_time":"2023-09-28T16:36:39+00:00","og_image":[{"width":728,"height":485,"url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/LYNXNPEA9L0AI_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/microloannexus.com\/?p=22950#article","isPartOf":{"@id":"https:\/\/microloannexus.com\/?p=22950"},"author":{"name":"News Room","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a"},"headline":"European shares snap five-day losing streak as miners gain","datePublished":"2023-09-28T16:36:39+00:00","dateModified":"2023-09-28T16:36:39+00:00","mainEntityOfPage":{"@id":"https:\/\/microloannexus.com\/?p=22950"},"wordCount":403,"commentCount":0,"publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/microloannexus.com\/?p=22950#respond"]}]},{"@type":"WebPage","@id":"https:\/\/microloannexus.com\/?p=22950","url":"https:\/\/microloannexus.com\/?p=22950","name":"European shares snap five-day losing streak as miners gain | Micro Loan Nexus","isPartOf":{"@id":"https:\/\/microloannexus.com\/#website"},"datePublished":"2023-09-28T16:36:39+00:00","dateModified":"2023-09-28T16:36:39+00:00","description":"\u00a9 Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2023.","breadcrumb":{"@id":"https:\/\/microloannexus.com\/?p=22950#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/microloannexus.com\/?p=22950"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/microloannexus.com\/?p=22950#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/microloannexus.com\/"},{"@type":"ListItem","position":2,"name":"European shares snap five-day losing streak as miners gain"}]},{"@type":"WebSite","@id":"https:\/\/microloannexus.com\/#website","url":"https:\/\/microloannexus.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/microloannexus.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/microloannexus.com\/#organization","name":"Solutions For Real","url":"https:\/\/microloannexus.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/microloannexus.com"],"url":"https:\/\/microloannexus.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/22950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22950"}],"version-history":[{"count":1,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/22950\/revisions"}],"predecessor-version":[{"id":22952,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/22950\/revisions\/22952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/media\/22951"}],"wp:attachment":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}