{"id":20826,"date":"2022-04-20T10:13:49","date_gmt":"2022-04-20T10:13:49","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/04\/20\/european-shares-climb-on-earnings-boost\/"},"modified":"2022-04-20T10:13:49","modified_gmt":"2022-04-20T10:13:49","slug":"european-shares-climb-on-earnings-boost","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/04\/20\/european-shares-climb-on-earnings-boost\/","title":{"rendered":"European Shares Climb On Earnings Boost"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks advanced on Wednesday, as a spate of strong corporate results helped outweigh worries over the Ukraine war, slowing growth and expectations of aggressive tightening by the Federal Reserve.<\/p>\n<p>Investors also shrugged off data showing that German producer prices rose 30.9 percent year-on-year in March, reflecting the effects of the Ukraine conflict for the first time.<\/p>\n<p>The pan-European Stoxx Europe 600 climbed 0.9 percent to 460.34 while the German DAX and France&#8217;s CAC 40 were up 1.1 percent and 1.5 percent, respectively. <\/p>\n<p>The U.K.&#8217;s FTSE 100 was seeing a modest 0.4 percent gain due to declines in the materials sector. <\/p>\n<p>Miners Anglo American, Antofagasta and Glencore all fell around 2 percent as base metals prices fell.<\/p>\n<p>Centamin slumped 7 percent after reporting a drop in is first-quarter gold production.<\/p>\n<p>CRH jumped more than 5 percent after the building materials supplier said it expects sales and earnings margins to grow over the first half of 2022.<\/p>\n<p>Engineering firm Senior Plc added 2 percent after reporting Q1 performance in line with expectations.<\/p>\n<p>Heineken NV surged 4.2 percent. The world&#8217;s second-largest brewer stuck to its 2022 profit margin forecast after delivering first-quarter beer sales ahead of estimates.<\/p>\n<p>ASML Holding NV jumped 6.3 percent. The semiconductor maker said demand for its chip-making machines outstripped supply in the second quarter.<\/p>\n<p>Credit Suisse dropped 1.2 percent. The Swiss bank expects a first-quarter net loss after increasing legal provisions. <\/p>\n<p>Automakers were rising, with Renault and Volkswagen climbing around 2 percent despite Europe&#8217;s passenger car registrations declining again in March.<\/p>\n<p>German specialty chemicals company Lanxess rose 2.3 after saying it expects a significant rise in first-quarter core profit and sales.<\/p>\n<p>Danone soared nearly 9 percent after the French food group reported its fastest sales growth in seven years. Meanwhile, speculation was rife that rival Lactalis may be interested in buying its businesses. <\/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 Climb On Earnings Boost<\/a><br \/>\n<br \/>2022-04-20 10:13:49<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks advanced on Wednesday, as a spate of strong corporate results helped outweigh worries over the Ukraine war, slowing growth and expectations of aggressive tightening by the Federal Reserve&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":20827,"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-20826","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/20826","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=20826"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/20826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/20827"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=20826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=20826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=20826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}