{"id":12326,"date":"2021-07-29T05:40:27","date_gmt":"2021-07-29T05:40:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/29\/european-shares-poised-for-flat-opening\/"},"modified":"2021-07-29T05:40:27","modified_gmt":"2021-07-29T05:40:27","slug":"european-shares-poised-for-flat-opening","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/29\/european-shares-poised-for-flat-opening\/","title":{"rendered":"European Shares Poised For Flat Opening"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks look set to open a tad lower on Thursday after a mixed day on Wall Street following the release of the Federal Reserve policy statement. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> were broadly higher as the Fed set no timeline for tapering stimulus and Chinese authorities moved to soothe jitters over anti-monopoly and data security enforcement against the tech industry.<\/p>\n<p>Gold climbed to over one-week high after Fed Chair Jerome Powell&#8217;s dovish remarks sent the U.S. dollar index to a more than two-week low. U.S. Treasury yields also fell while oil edged up after a large inventory drawdown.<\/p>\n<p>Flash consumer price and unemployment data from Germany as well as the account of the monetary policy meeting from the European Central Bank are due later in the session, headlining a busy day for the European economic news.<\/p>\n<p>Across the Atlantic, data on jobless claims for the week ended July 24th, second quarter GDP data and a report on personal consumption expenditure are due later in the day. <\/p>\n<p>U.S. stocks ended mixed overnight as investors reacted to a slew of corporate earnings updates and Fed Chair Jerome Powell&#8217;s dovish presser.<\/p>\n<p>Fed officials tried to strike a balance, discussing about how to go about scaling back bond buying when the time comes.<\/p>\n<p>Powell said there was &#8220;more ground to make up&#8221; in the labor market to meet substantial further progress threshold to taper bond purchases.<\/p>\n<p>The tech-heavy Nasdaq Composite index rose 0.7 percent after strong results from Apple, Alphabet and Microsoft, while the Dow shed 0.4 percent and the S&amp;P 500 finished marginally lower.<\/p>\n<p>European stocks rebounded Wednesday after two successive days of losses amid a busy day for corporate earnings.<\/p>\n<p>The pan European Stoxx 600 advanced 0.7 percent. The German DAX edged up 0.3 percent, France&#8217;s CAC 40 index rallied 1.2 percent and the U.K.&#8217;s FTSE 100 rose 0.3 percent. <\/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 Poised For Flat Opening<\/a><br \/>\n<br \/>2021-07-29 05:40:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks look set to open a tad lower on Thursday after a mixed day on Wall Street following the release of the Federal Reserve policy statement. Asian markets were&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12327,"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-12326","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12326","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=12326"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12327"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}