{"id":21563,"date":"2022-05-11T09:47:09","date_gmt":"2022-05-11T09:47:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/05\/11\/european-shares-gain-ahead-of-us-inflation-figures\/"},"modified":"2022-05-11T09:47:09","modified_gmt":"2022-05-11T09:47:09","slug":"european-shares-gain-ahead-of-us-inflation-figures","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/05\/11\/european-shares-gain-ahead-of-us-inflation-figures\/","title":{"rendered":"European Shares Gain Ahead Of US Inflation Figures"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks rose on Wednesday as virus cases fell in China and the country&#8217;s securities regulator pledged action to shore up region&#8217;s worst-performing stock market.<\/p>\n<p>Investors awaited the release of U.S. consumer price inflation data later in the day for any signs that inflation is beginning to cool from a 40-year high. <\/p>\n<p>German consumer price inflation rose to 7.4 percent in April from 7.3 percent in March, final data from Destatis showed earlier in the day. <\/p>\n<p>The inflation rate hit an all-time high since German reunification and also came in line with the flash estimate published on April 28.<\/p>\n<p>The pan-European STOXX 600 index rallied 1.2 percent to 425.43 after rising 0.7 percent on Tuesday. <\/p>\n<p>The German DAX gained 1 percent, France&#8217;s CAC 40 index jumped 2 percent and the U.K.&#8217;s FTSE 100 was up 1.1 percent. <\/p>\n<p>Italian tire maker Pirelli rose 1.2 percent after lifting its FY revenue outlook. <\/p>\n<p>Swedish Match soared almost 9 percent after Marlboro-maker Philip Morris International Inc confirmed it was in talks to buy the Swedish firm. <\/p>\n<p>ITV jumped 2.6 percent in London after the broadcaster delivered another strong quarter amid robust operational and financial performance.<\/p>\n<p>Travel and tourism company TUI AG soared 4 percent after saying it returns to profit this year.<\/p>\n<p>Funeral-related service provider Dignity plunged 8 percent after posting a decline in Q1 earnings and revenue.<\/p>\n<p>French train maker Alstom lost 6 percent despite reporting annual operating profit above expectations.<\/p>\n<p>German industrial heavyweight Thyssenkrupp surged 11 percent after raising its outlook for sales and operating profit for 2022.<\/p>\n<p>Insurer Allianz rallied 3 percent after it added another \u20ac1.9bn to provisions against its imploded Structured Alpha hedge fund.<\/p>\n<p>Agriculture and pharmaceutical firm Bayer tumbled 6.3 percent after reports that the Biden administration asked the U.S. Supreme Court not to hear the company&#8217;s bid to reject customers&#8217; claims that its Roundup weedkiller causes cancer. <\/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 Gain Ahead Of US Inflation Figures<\/a><br \/>\n<br \/>2022-05-11 09:47:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose on Wednesday as virus cases fell in China and the country&#8217;s securities regulator pledged action to shore up region&#8217;s worst-performing stock market. Investors awaited the release of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":21564,"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-21563","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/21563","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=21563"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/21563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/21564"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=21563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=21563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=21563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}