{"id":18224,"date":"2022-02-04T09:37:51","date_gmt":"2022-02-04T09:37:51","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/02\/04\/european-shares-mixed-amid-inflation-concerns-2\/"},"modified":"2022-02-04T09:37:51","modified_gmt":"2022-02-04T09:37:51","slug":"european-shares-mixed-amid-inflation-concerns-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/02\/04\/european-shares-mixed-amid-inflation-concerns-2\/","title":{"rendered":"European Shares Mixed Amid Inflation Concerns"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were mixed on Friday amid lingering worries over inflation and looming central bank rate hikes. <\/p>\n<p>The downside remained capped after data showed Germany&#8217;s factory orders grew more than expected in December, driven by robust domestic demand.<\/p>\n<p>German factory orders grew 2.8 percent on a monthly basis, but slower than the 3.6 percent expansion seen in November, Destatis reported. Economists had forecast an increase of 0.5 percent.<\/p>\n<p>On a yearly basis, growth in new orders accelerated to 5.5 percent from 2.3 percent in the previous month.<\/p>\n<p>The pan European Stoxx 600 slipped 0.3 percent to 467.22 after plunging 1.8 percent in the previous session. <\/p>\n<p>The German DAX shed 0.7 percent, while France&#8217;s CAC 40 index was marginally higher and the U.K.&#8217;s FTSE 100 added half a percent. <\/p>\n<p>The euro headed for its best week since March 2020 after the European Central Bank finally acknowledged mounting inflationary risks and left the door open to rate hikes in 2022.<\/p>\n<p>Energy stocks rallied on firmer crude oil prices. TotalEnergies SE rose 1.7 percent while both BP Plc and Shell jumped around 3 percent. <\/p>\n<p>Saint-Gobain declined 1.6 percent. The French construction materials maker has inked a deal to sell its regional glass processing <span class=\"landLinks\">business<\/span> Baltiklaas OU in Estonia, to Polar Glass OU, for an undisclosed sum.<\/p>\n<p>Vinci rose more than 1 percent. The construction company expects net income this year to exceed its pre-pandemic level in 2019.<\/p>\n<p>Beverage firm Carlsberg A\/S rose over 1 percent after it launched a new strategy to reach 3-5 percent revenue growth the next 5 years. <\/p>\n<p>TomTom NV lost as much as 13 percent after the Dutch consumer electronics firm missed its Q4 estimates. <\/p>\n<p>Italy&#8217;s Intesa Sanpaolo dropped 1 percent. The bank is targeting higher earnings and profitability and plans to return 22 billion euros ($25.16 billion) to shareholders between 2021 and 2025. <\/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 Mixed Amid Inflation Concerns<\/a><br \/>\n<br \/>2022-02-04 09:37:51<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were mixed on Friday amid lingering worries over inflation and looming central bank rate hikes. The downside remained capped after data showed Germany&#8217;s factory orders grew more than&#8230;<\/p>\n","protected":false},"author":2,"featured_media":18225,"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-18224","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18224","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=18224"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/18225"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=18224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=18224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=18224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}