{"id":15525,"date":"2021-10-29T05:41:31","date_gmt":"2021-10-29T05:41:31","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/29\/european-shares-seen-lower-in-cautious-trade\/"},"modified":"2021-10-29T05:41:31","modified_gmt":"2021-10-29T05:41:31","slug":"european-shares-seen-lower-in-cautious-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/29\/european-shares-seen-lower-in-cautious-trade\/","title":{"rendered":"European Shares Seen Lower In Cautious Trade"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks are seen opening lower on Friday as investors fret about supply bottlenecks and rising raw material prices. <\/p>\n<p>Earnings news will also be in focus with Amazon and Apple reporting disappointing quarterly earnings results in a sign that the global supply-chain crisis is hobbling even the mightiest companies. <\/p>\n<p>Worries persist over a virus resurgence, with authorities in Moscow ordering most people to stay off work for at least 11 days to stem <span class=\"landLinks\">coronavirus<\/span> infections after new daily cases and deaths from Covid-10 surged to all-time highs.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> traded mixed as Chinese property developer Evergrande reportedly made an overdue interest payment for an offshore bond before a Friday deadline, helping ease contagion fears. <\/p>\n<p>Gold was poised for a weekly gain as the dollar held near a one-month low and U.S. 10-year Treasury yields dipped. <\/p>\n<p>Oil prices edged higher but headed for their first weekly losses in at least eight weeks as supply concerns ease.<\/p>\n<p>Quarterly national accounts from Eurozone and major euro area economies are due later in the session, headlining a busy day for the European economic news.<\/p>\n<p>Across the Atlantic, a report on personal income and spending may attract attention ahead of next week&#8217;s Federal Reserve meeting.<\/p>\n<p>On the earnings front, energy giants Chevron and Exxon Mobil are among the companies due to report their results before the opening bell.<\/p>\n<p>U.S. stocks rose overnight as a string of solid earnings reports and encouraging jobless claims figures outweighed data showing a dramatic slowdown in the pace of U.S. economic growth in the third quarter.<\/p>\n<p>The tech-heavy Nasdaq Composite rallied 1.4 percent and the S&amp;P 500 added 1 percent to reach new record closing highs while the Dow gained 0.7 percent.<\/p>\n<p>European stocks struggled for direction before ending mixed on Thursday as the European Central Bank left its key interest rates and its forward guidance on asset purchases unchanged, saying that a recent spike in inflation would be temporary. <\/p>\n<p>The pan European Stoxx 600 edged up 0.2 percent. The German DAX and the U.K.&#8217;s FTSE 100 both ended flat with a negative bias, while France&#8217;s CAC 40 index climbed 0.8 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 Seen Lower In Cautious Trade<\/a><br \/>\n<br \/>2021-10-29 05:41:31<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks are seen opening lower on Friday as investors fret about supply bottlenecks and rising raw material prices. Earnings news will also be in focus with Amazon and Apple&#8230;<\/p>\n","protected":false},"author":2,"featured_media":15526,"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-15525","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15525","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=15525"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/15526"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=15525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=15525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=15525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}