{"id":14800,"date":"2021-10-08T09:38:13","date_gmt":"2021-10-08T09:38:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/08\/european-shares-slip-on-weak-german-data\/"},"modified":"2021-10-08T09:38:13","modified_gmt":"2021-10-08T09:38:13","slug":"european-shares-slip-on-weak-german-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/08\/european-shares-slip-on-weak-german-data\/","title":{"rendered":"European Shares Slip On Weak German Data"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks slipped on Friday as German exports data disappointed and caution set in ahead of the release of key U.S. payrolls data due later in the day. <\/p>\n<p>German exports decreased 1.2 percent month-on-month in August, in contrast to the 0.6 percent rise in July, Destatis reported. Economists had forecast a monthly growth of 0.5 percent.<\/p>\n<p>At the same time, imports rebounded 3.5 percent, following a 3.6 percent fall in the previous month. As a result, the trade surplus declined to a seasonally adjusted EUR 13.0 billion from EUR 17.7 billion a month ago.<\/p>\n<p>The pan European Stoxx 600 dropped 0.4 percent to 456.78 after climbing 1.6 percent on Thursday. <\/p>\n<p>The German DAX slipped 0.4 percent, France&#8217;s CAC 40 index declined half a percent and the U.K.&#8217;s FTSE 100 was marginally lower. <\/p>\n<p>Telecom Italia rose about 1 percent. The Italian telecommunications company and its unit Noovle have signed a partnership with <span class=\"landLinks\">business<\/span> software maker Oracle to offer cloud services in Italy.<\/p>\n<p>Travel stocks traded mostly higher in London, with British-Airways owner IAG climbing nearly 2 percent after the government announced it will scrap tough COVID-19 quarantine requirements for 47 destinations.<\/p>\n<p>However, TUI Group shares plunged more than 13 percent. The travel company unveiled plans to raise more than 1 billion euros in capital in order to help pay off more than substantial state-backed loans taken during the pandemic.<\/p>\n<p>Harbour Energy surged 6.3 percent after announcing it has priced its senior notes offering of $500 million aggregate principal amount of 5.50 percent senior notes due October 2026.<\/p>\n<p>N Brown Group jumped 4 percent. The online fashion and homeware retailer doubled half year profits during a strong six month period for its strategic brands.<\/p>\n<p>Electronic parts distributor Electrocomponents gained 1 percent after raising its FY guidance.<\/p>\n<p>EssilorLuxottica S.A. shares were down more than 1 percent in Paris after the company launched a recommended mandatory public offer for GrandVision shares. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Slip On Weak German Data<\/a><br \/>\n<br \/>2021-10-08 09:38:13<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks slipped on Friday as German exports data disappointed and caution set in ahead of the release of key U.S. payrolls data due later in the day. German exports&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-14800","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14800","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=14800"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14801"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}