{"id":12039,"date":"2021-07-21T05:41:09","date_gmt":"2021-07-21T05:41:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/21\/european-shares-set-for-steady-start\/"},"modified":"2021-07-21T05:41:09","modified_gmt":"2021-07-21T05:41:09","slug":"european-shares-set-for-steady-start","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/21\/european-shares-set-for-steady-start\/","title":{"rendered":"European Shares Set For Steady Start"},"content":{"rendered":"
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European stocks may open higher on Wednesday, with optimism over the global economy<\/span> and encouraging quarterly results from U.S. companies likely to support underpin sentiment.<\/p>\n

Asian markets<\/span> were trading mixed as COVID-19 continued its rampage through Asia, with South Korea and Thailand reporting record infections and Australia’s two largest states reporting sharp increases in new virus cases. <\/p>\n

In Japan, the government’s top COVID-19 advisor said new cases in Tokyo could hit a record in early August, before the end of the Olympics. <\/p>\n

Elsewhere, a White House official and a staff member for House Speaker Nancy Pelosi tested positive for COVID-19 after being fully vaccinated. <\/p>\n

Offering some respite for investors worried about a patch economic recovery, Japan’s exports in June beat forecasts and marked the fourth straight month of growth, reflecting strong demand in the U.S. and China. <\/p>\n

In the commodities space, gold prices slipped on a buoyant dollar and a rebound in U.S. Treasury yields. Oil retreated after industry data showed an unexpected build-up in U.S. oil inventories last week.<\/p>\n

It’s a quiet day on the economic front, with public sector finance data from the U.K. due out later in the session. <\/p>\n

U.S. stocks rose sharply overnight, with renewed optimism over economic recovery and a string of upbeat earnings reports helping underpin sentiment after Monday’s steep selloff.<\/p>\n

The Dow and the tech-heavy Nasdaq Composite index climbed around 1.6 percent each while the S&P 500 rallied 1.5 percent.<\/p>\n

European stocks also rose on Tuesday after their worst day in seven months on mounting worries about the spread of the delta variant of the coronavirus<\/span> in several countries.<\/p>\n

The pan European Stoxx 600 advanced half a percent. The German DAX rose 0.6 percent, France’s CAC 40 index gained 0.8 percent and the U.K.’s FTSE 100 added half a percent. <\/p>\n<\/p>\n

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