{"id":14757,"date":"2021-10-07T09:43:47","date_gmt":"2021-10-07T09:43:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/07\/european-shares-climb-as-yields-retreat\/"},"modified":"2021-10-07T09:43:47","modified_gmt":"2021-10-07T09:43:47","slug":"european-shares-climb-as-yields-retreat","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/07\/european-shares-climb-as-yields-retreat\/","title":{"rendered":"European Shares Climb As Yields Retreat"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks advanced on Thursday as investor concerns about a U.S. debt ceiling deal eased and the U.S. Treasury bond yields retreated further from the highest level since June ahead of U.S. non-farm payrolls data, due on Friday.<\/p>\n<p>The U.S. jobs report is seen as crucial in influencing the timing of the start of winding down the Fed&#8217;s QE program.<\/p>\n<p>The pan European Stoxx 600 gained 1 percent to 455.84 after losing 1 percent in the previous session. The German DAX climbed 1.1 percent, France&#8217;s CAC 40 index rallied 1.2 percent and the U.K.&#8217;s FTSE 100 was up 0.9 percent. <\/p>\n<p>Automakers topped the gainers list, with BMW, Daimler, Volkswagen and Renault all climbing around 2 percent. <\/p>\n<p>TeamViewer shares fell 4.3 percent to extend losses from the previous session after the software company reported quarterly results below its own expectations and cut its full-year guidance.<\/p>\n<p>Sika AG shares gained 2.5 percent. The Swiss specialty chemicals company confirmed fiscal 2021 targets, expecting sales growth in local currencies of 13 percent-17 percent as well as an over-proportional EBIT increase. <\/p>\n<p>Spanish utility Iberdrola surged 5.8 percent after reports that the company is in talks with the Spanish government over energy pricing.<\/p>\n<p>Volution Group shares advanced 1.5 percent after the British ventilation-equipment maker said revenue and earnings increased in fiscal 2021.<\/p>\n<p>Workspace Group shares jumped 4 percent. The real estate investment trust company said that customer demand improved during the second quarter of fiscal 2022.<\/p>\n<p>In economic releases, German industrial output fell 4 percent month-on-month in August, reversing a 1.3 percent rise in July, Destatis reported. Economists had forecast a monthly fall of 0.4 percent.<\/p>\n<p>U.K. house prices grew 1.7 percent month-on-month in September, following an increase of 0.8 percent in August as stamp duty holiday draws to a close, survey data released by the Lloyds Bank subsidiary Halifax showed. This was the third consecutive rise in prices. <\/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 Climb As Yields Retreat<\/a><br \/>\n<br \/>2021-10-07 09:43:47<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks advanced on Thursday as investor concerns about a U.S. debt ceiling deal eased and the U.S. Treasury bond yields retreated further from the highest level since June ahead&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-14757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14757","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=14757"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14758"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}