{"id":13291,"date":"2021-08-26T05:33:43","date_gmt":"2021-08-26T05:33:43","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/26\/european-shares-stare-at-cautious-start-2\/"},"modified":"2021-08-26T05:33:43","modified_gmt":"2021-08-26T05:33:43","slug":"european-shares-stare-at-cautious-start-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/26\/european-shares-stare-at-cautious-start-2\/","title":{"rendered":"European Shares Stare At Cautious Start"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks are seen opening on a subdued note Thursday as traders await more clues about the regulatory outlook in China as well as the Fed&#8217;s Jackson Hole meeting.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> fell broadly and the dollar hovered near a one-week low versus major peers as investors looked ahead to the Jackson Hole Symposium, which begins today. <\/p>\n<p>Fed Chair Jerome Powell is scheduled to speak at the convention on Friday and it is expected that he would present a timeline for tapering the central bank&#8217;s bond-buying program. <\/p>\n<p>Upcoming U.S. jobless claims and second-quarter GDP figures could also offer some trading impetus.<\/p>\n<p>Earlier today, the Bank of Korea raised its base interest rate, making the nation the first major Asian <span class=\"landLinks\">economy<\/span> to start exiting record-low borrowing costs.<\/p>\n<p>Oil prices dipped for the first time in four sessions as fresh outbreaks fueled by the Delta variant of the <span class=\"landLinks\">coronavirus<\/span> raised concerns about the strength of the economic recovery globally. Gold fell below $1,800 while Bitcoin traded around $49,000.<\/p>\n<p>U.S. stocks closed higher overnight amid continued optimism about growth after Dr. Anthony Fauci, top U.S. infectious disease expert, said COVID-19 could be under control by early next year.<\/p>\n<p>Orders for long-lasting goods fell in July due to weakness in transport-related goods, but demand was strong in other parts of the economy, official data showed.<\/p>\n<p>The S&amp;P 500 and the tech-heavy Nasdaq Composite both edged up around 0.2 percent to reach fresh record highs while the Dow inched up 0.1 percent.<\/p>\n<p>European stocks ended mostly higher on Wednesday as travel stocks extended gains for the fourth day running. The pan European Stoxx 600 ended flat with a positive bias.<\/p>\n<p>The German DAX eased 0.3 percent after the release of weak <span class=\"landLinks\">business<\/span> sentiment data, while France&#8217;s CAC 40 index gained 0.2 percent and the U.K.&#8217;s FTSE 100 added 0.3 percent. <\/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 Stare At Cautious Start<\/a><br \/>\n<br \/>2021-08-26 05:33:43<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks are seen opening on a subdued note Thursday as traders await more clues about the regulatory outlook in China as well as the Fed&#8217;s Jackson Hole meeting. Asian&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13292,"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-13291","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13291","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=13291"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13292"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}