{"id":16853,"date":"2021-12-08T10:06:03","date_gmt":"2021-12-08T10:06:03","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/12\/08\/european-shares-mixed-after-two-day-rally\/"},"modified":"2021-12-08T10:06:03","modified_gmt":"2021-12-08T10:06:03","slug":"european-shares-mixed-after-two-day-rally","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/12\/08\/european-shares-mixed-after-two-day-rally\/","title":{"rendered":"European Shares Mixed After Two-day Rally"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were mixed on Wednesday after two days of strong gains amid easing concerns about Omicron Covid-19 variant.<\/p>\n<p>Investors weighed the effectiveness of existing vaccines, with South African scientists warning the variant cut significantly the antibody protection generated by the Pfizer and BioNTech vaccine.<\/p>\n<p>Geopolitical tensions also remained on investors&#8217; radar amid rising tensions between the United States and Russia regarding Ukraine.<\/p>\n<p>The pan European Stoxx 600 was up 0.1 percent at 480.74 after climbing 2.5 percent the previous day.<\/p>\n<p>The German DAX dipped 0.3 percent as Olaf Scholz was formally voted in as Chancellor, bringing the curtain down on Angela Merkel&#8217;s 16-year term.<\/p>\n<p>France&#8217;s CAC 40 was marginally lower while the U.K.&#8217;s FTSE 100 was up around 0.3 percent. <\/p>\n<p>Chipmakers Infineon Technologies and STMicroelectronics dropped 3.9 percent and 1.3 percent, respectively after Morgan Stanley downgraded its ratings on the stocks. <\/p>\n<p>L&#8217;Oreal rose over 1 percent in Paris. Swiss firm Nestle said it would cut its stake in the French cosmetics brand by selling shares worth 8.9 billion euros ($10 billion) to about 20 percent. Nestle shares advanced 1.4 percent. <\/p>\n<p>TUI AG tumbled 4.2 percent after the travel operator posted an annual loss of over 2 billion euros ($2.26 billion).<\/p>\n<p>BioNTech, which makes Covid-19 vaccines with Pfizer, lost 4.7 percent after a study showed that the Omicron variant can partially evade protection from two doses of their Covid-19 vaccine.<\/p>\n<p>Meal-kit company Hellofresh gave up 6.3 percent after saying it expects 2022 earnings below expectations.<\/p>\n<p>Stagecoach rallied 2.2 percent after the British transport group reported an increase in its operating profit from \u00a316.1m to \u00a332.9m year-on-year.<\/p>\n<p>Berkeley Group Holdings, which operates mainly in London, Birmingham and the South of England, surged 4.6 percent after raising its profit outlook.<\/p>\n<p>Investment manager Man Group soared 5.5 percent after announcing it intends to buy back shares worth up to $250 million. <\/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 After Two-day Rally<\/a><br \/>\n<br \/>2021-12-08 10:06:03<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were mixed on Wednesday after two days of strong gains amid easing concerns about Omicron Covid-19 variant. Investors weighed the effectiveness of existing vaccines, with South African scientists&#8230;<\/p>\n","protected":false},"author":2,"featured_media":16854,"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-16853","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16853","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=16853"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/16854"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=16853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=16853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=16853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}