{"id":15688,"date":"2021-11-03T09:22:29","date_gmt":"2021-11-03T09:22:29","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/11\/03\/european-shares-little-changed-in-cautious-trade\/"},"modified":"2021-11-03T09:22:29","modified_gmt":"2021-11-03T09:22:29","slug":"european-shares-little-changed-in-cautious-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/11\/03\/european-shares-little-changed-in-cautious-trade\/","title":{"rendered":"European Shares Little Changed In Cautious Trade"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were little changed in cautious trade on Wednesday ahead of an expected tapering of pandemic-era stimulus by the U.S. Federal Reserve.<\/p>\n<p>The pan European Stoxx 600 was marginally higher at 479.74, giving up early gains. <\/p>\n<p>The German DAX and France&#8217;s CAC 40 index were little changed while the U.K.&#8217;s FTSE 100 was down 0.3 percent. <\/p>\n<p>Higher metal prices helped lift miners, with Anglo American, Antofagasta and Glencore rising around 3 percent. <\/p>\n<p>BP Plc lost about 2 percent and Royal Dutch Shell was down about 1 percent as oil prices fell on data pointing to a big build in crude oil and distillate stocks in the United States.<\/p>\n<p>German carmaker BMW rose half a percent after reporting higher quarterly profit. <\/p>\n<p>Airline Lufthansa surged 4.2 percent as it returned to profit for the first time since the <span class=\"landLinks\">coronavirus<\/span> crisis.<\/p>\n<p>Software firm TeamViewer gained 10 percent after confirming its outlook.<\/p>\n<p>Vestas, the world&#8217;s largest maker of wind turbines, plunged almost 10 percent after it reported a drop in its profitability margin for the third quarter of 2021 due to supply chain instability and cost inflation of materials.<\/p>\n<p>Clothing retailer Next Plc declined 2.5 percent after maintaining its full-year profit forecast. <\/p>\n<p>In economic releases, U.K. house prices grew 9.9 percent year-on-year in October, following a 10 percent rise in September, data from Nationwide Building Society showed.  Economists had forecast the growth rate to ease to 9.3 percent.<\/p>\n<p>On a monthly basis, house prices advanced 0.7 percent after rising 0.2 percent in September. Prices were expected to climb 0.4 percent. <\/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 Little Changed In Cautious Trade<\/a><br \/>\n<br \/>2021-11-03 09:22:29<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were little changed in cautious trade on Wednesday ahead of an expected tapering of pandemic-era stimulus by the U.S. Federal Reserve. The pan European Stoxx 600 was marginally&#8230;<\/p>\n","protected":false},"author":2,"featured_media":15689,"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-15688","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15688","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=15688"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/15689"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=15688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=15688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=15688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}