{"id":15159,"date":"2021-10-19T09:47:29","date_gmt":"2021-10-19T09:47:29","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/19\/european-shares-mixed-in-directionless-trade\/"},"modified":"2021-10-19T09:47:29","modified_gmt":"2021-10-19T09:47:29","slug":"european-shares-mixed-in-directionless-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/19\/european-shares-mixed-in-directionless-trade\/","title":{"rendered":"European Shares Mixed In Directionless Trade"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European shares struggled for direction on Tuesday as investors awaited more earnings for fresh insight into how companies are faring with inflation and supply-chain disruptions.<\/p>\n<p>A spate of U.S. companies including Johnson &amp; Johnson, Bank of New York Mellon, Travelers, Procter &amp; Gamble, Philip Morris International and Netflix will report their quarterly earnings later in the day.<\/p>\n<p>The pan European Stoxx 600 was up 0.1 percent at 467.64 after declining half a percent on Monday. France&#8217;s CAC 40 traded flat with a positive bias, while the German DAX and the U.K.&#8217;s FTSE 100 were marginally lower.<\/p>\n<p>The British pound hit a four-week high versus the dollar on expectations the Bank of England could hike rates towards the end of this year.<\/p>\n<p>Sweden&#8217;s Ericsson dropped half a percent after reporting a hit from global supply chain problems.<\/p>\n<p>Telecoms operator Tele2 lost almost 4 percent after posting quarterly core earnings in line with market expectations.<\/p>\n<p>Delivery Hero SE shares rose over 1 percent. The German online food ordering company said it has invested $235 million in on-demand delivery startup Gorillas Technologies GmbH.<\/p>\n<p>French food group Danone fell more than 2 percent. The company reiterated 2021 guidance, expecting a return to profitable growth in the second half, and fiscal year recurring operating margin broadly in line with 2020.<\/p>\n<p>British homebuilder Bellway advanced 1.7 percent after its profits more than doubled in the year to end July.<\/p>\n<p>Miners Anglo American and Antofagasta rose over 1 percent as copper prices rose.<\/p>\n<p>British Airways owner IAG tumbled 3 percent after brokerage Berenberg downgraded the stock rating and cut its target price on the stock.<\/p>\n<p>Hochschild Mining jumped 6 percent. The company announced its plan to demerge shares representing 80 percent of the entire issued share capital of indirect subsidiary Aclara, a development-stage rare earth mineral resources company. <\/p>\n<\/p>\n<p>Business News<\/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 Mixed In Directionless Trade<\/a><br \/>\n<br \/>2021-10-19 09:47:29<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European shares struggled for direction on Tuesday as investors awaited more earnings for fresh insight into how companies are faring with inflation and supply-chain disruptions. A spate of U.S. companies&#8230;<\/p>\n","protected":false},"author":2,"featured_media":15160,"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-15159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15159","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=15159"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/15160"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=15159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=15159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=15159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}