{"id":11255,"date":"2021-06-28T08:56:42","date_gmt":"2021-06-28T08:56:42","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/28\/european-shares-slide-amid-delta-variant-concerns\/"},"modified":"2021-06-28T08:56:42","modified_gmt":"2021-06-28T08:56:42","slug":"european-shares-slide-amid-delta-variant-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/28\/european-shares-slide-amid-delta-variant-concerns\/","title":{"rendered":"European Shares Slide Amid Delta Variant Concerns"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks declined on Monday, as inflation worries persisted and COVID-19 cases spiked across Asia over the weekend. <\/p>\n<p>Closer home, the Delta strain, which has already taken hold in the U.K., is becoming more prevalent elsewhere across Europe.<\/p>\n<p>The pan-European Stoxx 600 dropped 0.3 percent to 456.50 after closing 0.1 percent higher on Friday. <\/p>\n<p>The German DAX was marginally lower, France&#8217;s CAC 40 index gave up 0.3 percent and the U.K.&#8217;s FTSE 100 was down half a percent. <\/p>\n<p>Travel stocks succumbed to selling pressure as investors remained concerned about a spike in COVID-19 cases across Asia over the weekend. TUI, easyJet, Ryanair Holdings and IAG lost 2-3 percent. <\/p>\n<p>Miners were broadly lower after data over the weekend showed profit growth at China&#8217;s industrial firms slowed again in May.<\/p>\n<p>BP Plc fell 1.3 percent, Royal Dutch Shell lost about 1 percent and Total SA shed 1.5 percent as oil prices slipped slightly after earlier climbing to their highest since October 2018.<\/p>\n<p>Burberry Group shares slumped 7.2 percent as Marco Gobbetti quit as chief executive of the luxury fashion brand.<\/p>\n<p>Petrofac shares fell over 2 percent. In its pre-close update for the six months ending 30 June 2021, the oil services group said its overall trading was in line with its expectations.<\/p>\n<p>French drug maker Sanofi edged up slightly after it agreed to sell a portfolio of regional consumer brands to Stada.<\/p>\n<p>JD Sports Fashion declined 1.3 percent. The company announced that its existing 50.02 percent intermediate holding company in Spain, Iberian Sports Retail Group SL, has entered into a conditional agreement to acquire 80 percent of the issued shares in Deporvillage SL. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Shares Slide Amid Delta Variant Concerns<\/a><br \/>\n<br \/>2021-06-28 08:56:42<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks declined on Monday, as inflation worries persisted and COVID-19 cases spiked across Asia over the weekend. Closer home, the Delta strain, which has already taken hold in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-11255","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=11255"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11256"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}