{"id":11497,"date":"2021-07-06T05:38:07","date_gmt":"2021-07-06T05:38:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/06\/european-shares-set-for-lackluster-start-on-china-tech-worries\/"},"modified":"2021-07-06T05:38:07","modified_gmt":"2021-07-06T05:38:07","slug":"european-shares-set-for-lackluster-start-on-china-tech-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/06\/european-shares-set-for-lackluster-start-on-china-tech-worries\/","title":{"rendered":"European Shares Set For Lackluster Start On China Tech Worries"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks are seen opening narrowly mixed on Tuesday as China widened its crackdown on <span class=\"landLinks\">technology<\/span> companies, citing data-security issues. <\/p>\n<p>After ordering the removal of ride-sharing group Didi Chuxing from Chinese app stores, the Cyberspace Administration of China (CAC) on Monday announced it was investigating more companies that had been listed on Wall Street. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> traded mixed as elevated oil prices stoked worries about inflation and an early tapering in the U.S. Federal Reserve&#8217;s asset purchase program. <\/p>\n<p>Oil extended gains from the previous session, with Brent and WTI futures hitting their highest since 2018, on expectations of a tighter market after oil producers ended days of talks without a new output deal.<\/p>\n<p>Treasuries dipped and the dollar pulled back, while gold hovered near two-week highs as investors await the minutes from the Fed&#8217;s June policy meeting, due on Wednesday, for more clues on tapering.<\/p>\n<p>The British pound extended gains after Prime Minister Boris Johnson revealed plans to lift most of England&#8217;s legal <span class=\"landLinks\">coronavirus<\/span> restrictions from July 19, saying that people must learn to live with coronavirus.<\/p>\n<p>In economic releases, factory orders, construction data and ZEW economic sentiment survey results from Germany are due later in the session.  Eurozone retail sales figures and the region&#8217;s economic survey results may also influence trading.<\/p>\n<p>Overnight, U.S. markets were closed for the Independence Day holiday.<\/p>\n<p>European stocks closed higher on Monday as upbeat regional <span class=\"landLinks\">business<\/span> activity data helped outweigh concerns about the spread of the delta variant of the coronavirus.<\/p>\n<p>The pan European Stoxx 600 edged up 0.3 percent. The German DAX inched up 0.1 percent, France&#8217;s CAC 40 index gained 0.2 percent and the U.K.&#8217;s FTSE 100 advanced 0.6 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Set For Lackluster Start On China Tech Worries<\/a><br \/>\n<br \/>2021-07-06 05:38:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks are seen opening narrowly mixed on Tuesday as China widened its crackdown on technology companies, citing data-security issues. After ordering the removal of ride-sharing group Didi Chuxing from&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11498,"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-11497","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11497","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=11497"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11498"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}