{"id":12497,"date":"2021-08-03T10:03:48","date_gmt":"2021-08-03T10:03:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/03\/european-shares-rise-on-earnings-3\/"},"modified":"2021-08-03T10:03:48","modified_gmt":"2021-08-03T10:03:48","slug":"european-shares-rise-on-earnings-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/03\/european-shares-rise-on-earnings-3\/","title":{"rendered":"European Shares Rise On Earnings"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks hovered near record highs on Tuesday as a set of upbeat earnings results helped offset concerns about spiking COVID-19 cases in Asia and Chinese regulation uncertainties.<\/p>\n<p>The pan European Stoxx 600 edged up 0.3 percent to 465.64 after reaching a record high in the previous session. The German DAX was marginally higher, France&#8217;s CAC 40 index climbed 0.8 percent and the U.K.&#8217;s FTSE 100 was up half a percent. <\/p>\n<p>BP Plc shares soared 4.6 percent. The oil &amp; gas giant expanded its dividend and share buyback program after delivering better-than-expected second-quarter earnings.<\/p>\n<p>Standard Chartered rallied 2.1 percent. The lender resumed interim dividend payout and announced a $250 million share buyback after posting a better-than-expected 57 percent jump in its first-half pretax profit.<\/p>\n<p>Keller Group shares jumped 8.6 percent. The geotechnical specialist contractor reported a better than expected first half profit and said its performance for fiscal 2021 will be materially ahead of the board&#8217;s previous expectations.<\/p>\n<p>Moto insurer Direct Line Insurance advanced 4.5 percent after reporting a rise in first-half profit and lifting dividend.<\/p>\n<p>Carmaker Stellantis NV, created by merger of Fiat Chrysler and Peugeot maker PSA, surged 4.3 percent after raising its full-year profitability outlook substantially.<\/p>\n<p>Societe Generale jumped 5.6 percent after the French lender swung back to profit in the second quarter and raised its forecast for the full year.<\/p>\n<p>Frederic Oudea, the group&#8217;s CEO, said in a statement that the results for the first half of 2021 are the best in five years.<\/p>\n<p>Dutch firm Prosus, which has a stake in Chinese tech giant Tencent, slumped 6.4 percent after Chinese state media branded online gaming &#8220;spiritual opium&#8221; in Beijing&#8217;s latest assault on tech and social habits.<\/p>\n<p>German chipmaker Infineon Technologies fell over 1 percent after saying it was battling extreme tightness in its <span class=\"landLinks\">markets<\/span>.<\/p>\n<p>BMW tumbled 4.2 percent. The luxury carmaker warned the second half of the year would likely be affected by the global semiconductor chip shortage and rising raw materials prices.<\/p>\n<p>Krones advanced 1.7 percent. The leading manufacturer of filling and packaging <span class=\"landLinks\">technology<\/span> said its markets have so far recovered faster than expected from the pandemic-related downturn.<\/p>\n<p>Software firm TeamViewer lost 4.7 percent. After reporting a fall in first-half profit, the company lowered its Ebitda-margin guidance for 2021. <\/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 Rise On Earnings<\/a><br \/>\n<br \/>2021-08-03 10:03:48<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks hovered near record highs on Tuesday as a set of upbeat earnings results helped offset concerns about spiking COVID-19 cases in Asia and Chinese regulation uncertainties. The pan&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12498,"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-12497","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12497","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=12497"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12498"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}