{"id":10527,"date":"2021-06-07T09:49:37","date_gmt":"2021-06-07T09:49:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/07\/european-shares-mixed-in-choppy-trade\/"},"modified":"2021-06-07T09:49:37","modified_gmt":"2021-06-07T09:49:37","slug":"european-shares-mixed-in-choppy-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/07\/european-shares-mixed-in-choppy-trade\/","title":{"rendered":"European Shares Mixed In Choppy Trade"},"content":{"rendered":"
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European stocks were mixed on Monday, as investors digested downbeat data and awaited U.S. inflation data and a European Central Bank meeting this week for directional cues. <\/p>\n

China’s imports and exports grew again in May, but both missed expectations, official data released earlier in the day showed.<\/p>\n

German factory orders dropped 0.2 percent month-on-month in April due to weak domestic demand, in contrast to the 3.9 percent increase seen in March and economists’ forecast of +1.0 percent, data from Destatis revealed.<\/p>\n

On the positive side, Sentix’s index for the euro zone climbed to 28.1 from 21.0 in May. <\/p>\n

The pan European Stoxx 600 was little changed with a positive bias at 452.68 after closing 0.4 percent higher on Friday. <\/p>\n

The German DAX and France’s CAC 40 index were marginally lower, while the U.K.’s FTSE 100 was up 0.3 percent, recovering from an early slide. <\/p>\n

Homebuilder Barratt Developments climbed 2.4 percent in London and Taylor Wimpey advanced 2.5 percent after data showed U.K. house prices reached another record high in May.<\/p>\n

Miners Antofagasta and Glencore fell 1-2 percent as copper prices dipped on downbeat China export data.<\/p>\n

Anglo American lost 2.7 percent after it completed the demerger of its thermal coal operations in South Africa.<\/p>\n

Total SE, BP Plc and Royal Dutch Shell were modestly lower as oil prices slipped from two-year highs ahead of talks this week between Iran and world powers over a nuclear deal that is expected to boost crude supplies.<\/p>\n

Office space provider IWG plunged 14 percent to hit a four-month low after issuing a profit warning.<\/p>\n

Shares of Avacta Group jumped nearly 4 percent. The biotechnology company announced that the MHRA has confirmed registration of its AffiDX SARS-CoV-2 antigen lateral flow test.<\/p>\n

French vouchers and cards provider Edenred rallied 3.2 percent after Deutsche Bank upgraded the stock to “buy”.<\/p>\n

argenx SE, an immunology company, slumped 6.5 percent after a Johnson & Johnson subsidiary discontinued a collaboration agreement for its anti-CD70 antibody cusatuzuma.<\/p>\n

Italian lender Unicredit gained 2.7 percent as Jefferies upgraded the stock to “buy”. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n