{"id":11709,"date":"2021-07-12T10:00:47","date_gmt":"2021-07-12T10:00:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/12\/european-shares-edge-lower-on-virus-worries\/"},"modified":"2021-07-12T10:00:47","modified_gmt":"2021-07-12T10:00:47","slug":"european-shares-edge-lower-on-virus-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/12\/european-shares-edge-lower-on-virus-worries\/","title":{"rendered":"European Shares Edge Lower On Virus Worries"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were moving lower in cautious trade on Monday after leaders of the G20 nations admitted that COVID-19 variants could threaten the economic recovery from the pandemic.<\/p>\n<p>There were over 2.6 million new cases last week, with Europe experiencing a sharp increase of 30 percent, the WHO said in its latest epidemiological update.<\/p>\n<p>Investors also awaited cues from the U.S. earnings season, the release of inflation data in several countries, and testimony by Federal Reserve Chair Jerome Powell.<\/p>\n<p>The pan European Stoxx 600 was marginally higher at 457.70 after rising 1.3 percent on Friday. The German DAX edged down marginally, France&#8217;s CAC 40 index eased 0.3 percent and the U.K.&#8217;s FTSE 100 fell 0.6 percent. <\/p>\n<p>Credit Suisse shares dropped 1.6 percent. The Swiss lender announced that Floriana Scarlato has decided to leave the company with immediate effect to pursue a new challenge outside the bank.<\/p>\n<p>Shares of Daily Mail &amp; General Trust advanced 1.7 percent. The British media group said that its controlling shareholder, Rothermere Continuation Ltd., is considering a bid for the remaining assets of the group, if the sales of its insurance risk unit and Cazoo <span class=\"landLinks\">business<\/span> go through.<\/p>\n<p>Tate &amp; Lyle, a supplier of food and beverage ingredients, gained 1.5 percent after it announced an agreement to sell a controlling stake in its Primary Products business to KPS Capital Partners, LP.<\/p>\n<p>Car insurance provider Admiral Group rallied 3.3 percent. The company said it anticipates a higher than expected Group profit before tax from continuing operations for the first half of 2021 in the range of 450 million pounds to 500 million pounds.<\/p>\n<p>French IT consulting group Atos plunged as much as 17 percent after it booked lower-than-expected profitability in the first half and cut financial targets for the year. <\/p>\n<\/p>\n<p>Business News<\/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 Edge Lower On Virus Worries<\/a><br \/>\n<br \/>2021-07-12 10:00:47<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were moving lower in cautious trade on Monday after leaders of the G20 nations admitted that COVID-19 variants could threaten the economic recovery from the pandemic. There were&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11710,"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-11709","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11709","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=11709"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11710"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}