{"id":13479,"date":"2021-09-01T09:57:01","date_gmt":"2021-09-01T09:57:01","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/01\/european-shares-rise-on-stimulus-hopes\/"},"modified":"2021-09-01T09:57:01","modified_gmt":"2021-09-01T09:57:01","slug":"european-shares-rise-on-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/01\/european-shares-rise-on-stimulus-hopes\/","title":{"rendered":"European Shares Rise On Stimulus Hopes"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks rose on Wednesday as weak factory activity data from Asia raised hopes for more policy support.<\/p>\n<p>Closer home, Eurozone manufacturing PMI slipped to a six-month low in August but stood well above the historical average, the IHS Markit said in a report. <\/p>\n<p>British factory output grew in August at the weakest rate for six months, while Germany&#8217;s retail sales declined more-than-expected in July after two months of straight growth, separate reports revealed. <\/p>\n<p>The pan European Stoxx 600 rose 0.7 percent to 474.01 after declining 0.4 percent on Tuesday. The German DAX gained half a percent, France&#8217;s CAC 40 index rallied 1.1 percent and the U.K.&#8217;s FTSE 100 was up 0.7 percent. <\/p>\n<p>Volvo gained about 1 percent. The commercial vehicle manufacturer said it has received an order for 16 Volvo VNR Electric Class 8 trucks from Performance Team, affiliated to Maersk Co.<\/p>\n<p>Travel &amp; leisure stocks were moving higher, with IAG, easyJet and Air France KLM rising around 2 percent each. <\/p>\n<p>WH Smith slumped 5.3 percent after the retailer warned that profitability for the year ending August 2022 will be at the lower end of market expectations.<\/p>\n<p>Utility National Grid rose about 1 percent after the competition regulator cleared its proposed acquisition of the United Kingdom&#8217;s largest electricity distribution <span class=\"landLinks\">business<\/span>.<\/p>\n<p>French spirits maker Pernod Ricard jumped 3.3 percent after is FY 2021 results reflected a strong recovery.<\/p>\n<p>Diagnostics specialist BioMerieux surged 4 percent after confirming its full-year earnings target.<\/p>\n<p>Carrefour lost 4.3 percent as luxury goods billionaire Bernard Arnault sold the 5.7 percent stake he owned in the supermarket group.<\/p>\n<p>Symrise AG fell 1.4 percent. The flavors and fragrances group announced the acquisition of 25 percent minority interest in Kobo Products, Inc. <\/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 Stimulus Hopes<\/a><br \/>\n<br \/>2021-09-01 09:57:01<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose on Wednesday as weak factory activity data from Asia raised hopes for more policy support. Closer home, Eurozone manufacturing PMI slipped to a six-month low in August&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13480,"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-13479","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13479","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=13479"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13480"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}