The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
Equities 3 MIN READ

European shares fall for third day on oil, tech losses

September 15, 2022By Reuters
Related Articles
Gold prices cool near record peak as dollar holds footing May 22, 2024 EMERGING MARKETS-Thai baht firms, Philippine peso declines October 29, 2021 S&P 500 ekes out gain as tech supports, J&J, Goldman disappoint April 18, 2023

Sept 15 (Reuters) – European equities gave up earlier gains to end lower on Thursday, with energy and technology shares declining the most, as worries about tighter monetary policy and geopolitical disruptions shook risk sentiment.

The STOXX 600 index closed 0.7% lower, extending losses to a third straight session. A slump in crude prices on demand worries pulled energy shares down 2.1%.

Technology stocks fell 1.8% and were the biggest drags on the STOXX 600. The sector typically underperforms in a high interest rate environment on concerns over pressure on future earnings.

A bevy of data this week from the United States has further strengthened the case for a hawkish Federal Reserve. The Fed is seen delivering its third 75-basis-point hike next week, while the European Central Bank raised by that much this month and signaled more would follow.

“The market remains extremely volatile. There is a fight going on between the bulls and the bears and every data point that comes out gives more arguments to one or the other,” said Andrea Cicione, head of strategy at TS Lombard.

“Strong (US) job market, strong consumer, strong sales means the Fed needs to go further and that’s causing the market selloff. And likewise, geopolitics remain extremely volatile.”

Amid Western sanctions on Russia over its invasion of Ukraine, China on Thursday said it would work with Moscow to “instil stability and positive energy in a chaotic world”. Worries of a gas crisis in Europe due to the war have seen the bloc’s leaders scramble to introduce support measures for companies and citizens.

European banks rose 1.7%, supported by bets of higher interest rates. Morgan Stanley upgraded the banking sector to “overweight”, citing cheap valuations and resilient earnings.

Spanish banking stocks including Bankinter, Sabadell and Caixabank rose more than 4% each after a report stated that Madrid is keen to avoid conflicts with the European Central Bank and could modify a bank tax.

H&M dipped 4.7% after the retailer posted lower-than-expected quarterly sales as shoppers tightened their belts amid soaring energy and food bills and as it struggled to compete with rival Zara.

(Reporting by Shreyashi Sanyal, Shashwat Chauhan and Susan Mathew in Bengaluru; Editing by Devika Syamnath)

 

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks Model Portfolio
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up