{"id":18280,"date":"2022-02-07T05:41:21","date_gmt":"2022-02-07T05:41:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/02\/07\/european-shares-seen-higher-at-open-4\/"},"modified":"2022-02-07T05:41:21","modified_gmt":"2022-02-07T05:41:21","slug":"european-shares-seen-higher-at-open-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/02\/07\/european-shares-seen-higher-at-open-4\/","title":{"rendered":"European Shares Seen Higher At Open"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks may open a tad higher on Monday despite persistent inflation and geopolitical concerns. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> were broadly lower, though Chinese shares climbed as traders returned to their desks after a week-long holiday for the Lunar New Year. <\/p>\n<p>Covid-19 worries returned to haunt investors, with Japan scrambling to curb the spread of the now dominant Omicron variant of the <span class=\"landLinks\">coronavirus<\/span>. <\/p>\n<p>Geopolitical tensions were also in focus, with the White House warning Russia could invade Ukraine any day.<\/p>\n<p>On the other hand, French President Emmanuel Macron, who flies to Moscow today in a risky diplomatic move and will travel to Kyiv on Tuesday, is optimistic he can secure peace.<\/p>\n<p>The dollar edged up as expectations of higher interest rates lifted bond yields. <\/p>\n<p>After a strong U.S. jobs report, investors are now bracing for five rate hikes in 2022. In Europe, European Central Bank (ECB) Governing Council Member Klaas Knot said he expects a hike in the fourth quarter of 2022.<\/p>\n<p>Gold hit a more than one-week high, as surging oil prices along with an increase in global commodity prices added to existing inflationary pressures. <\/p>\n<p>U.S. inflation data for January is due on Thursday and a strong reading could help consolidate expectations of a 50bp hike by the Federal Reserve.<\/p>\n<p>A private survey showed earlier today that activity in China&#8217;s services sector expanded at the slowest pace in five months in January. <\/p>\n<p>U.S. stocks rose broadly on Friday, as investors reacted to a slew of upbeat earnings updates and a much stronger-than-expected January jobs report that lifted yields and added to the risk of an aggressive tightening by the Federal Reserve.<\/p>\n<p>The tech-heavy Nasdaq Composite rallied 1.6 percent on the back of strong earnings news from Amazon and the S&amp;P 500 rose half a percent, while the Dow slipped marginally.<\/p>\n<p>U.S. employment jumped by 467,000 jobs in January compared to economist estimates for an increase of 150,000 jobs while the jobless rate inched up to 4.0 percent from 3.9 percent.<\/p>\n<p>The increase in employment in December was upwardly revised to 510,000 jobs compared to the previously reported 199,000 jobs.<\/p>\n<p>European stocks fell on Friday amid concerns about looming interest rate hikes. <\/p>\n<p>The pan European Stoxx 600 dropped 1.4 percent. The German DAX gave up 1.8 percent, France&#8217;s CAC 40 index shed 0.8 percent and the U.K.&#8217;s FTSE 100 slipped 0.2 percent. <\/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 Seen Higher At Open<\/a><br \/>\n<br \/>2022-02-07 05:41:21<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks may open a tad higher on Monday despite persistent inflation and geopolitical concerns. Asian markets were broadly lower, though Chinese shares climbed as traders returned to their desks&#8230;<\/p>\n","protected":false},"author":2,"featured_media":18281,"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-18280","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18280","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=18280"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/18281"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=18280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=18280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=18280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}