{"id":23327,"date":"2022-06-29T09:50:17","date_gmt":"2022-06-29T09:50:17","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/06\/29\/european-shares-decline-after-spain-inflation-surge\/"},"modified":"2022-06-29T09:50:17","modified_gmt":"2022-06-29T09:50:17","slug":"european-shares-decline-after-spain-inflation-surge","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/06\/29\/european-shares-decline-after-spain-inflation-surge\/","title":{"rendered":"European Shares Decline After Spain Inflation Surge"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks fell on Wednesday following a three-day rally. A cautious undertone prevailed ahead of a speech by European Central Bank President Christine Lagarde at the Sintra forum, alongside Federal Reserve Chairman Jerome Powell and Bank of England Governor Andrew Baile.<\/p>\n<p>In economic releases, Eurozone&#8217;s final consumer confidence index arrived at -23.6 in June vs. -23.6 recorded previously, matching estimates. <\/p>\n<p>A preliminary reading on German inflation is awaited. The euro trimmed losses after Spain&#8217;s annual inflation rate hit a 37-year high. <\/p>\n<p>U.K. shop prices grew at the fastest pace since 2008, reflecting the cost of living crisis, separate data published by the British Retail Consortium showed.<\/p>\n<p>The BRC-NielsenIQ shop price index increased 3.1 percent on a yearly basis in June, following May&#8217;s 2.8 percent rise. This was the biggest annual growth since September 2008.<\/p>\n<p>The pan European Stoxx 600 was down 0.8 percent at 412.90 after closing 0.3 percent higher on Tuesday. <\/p>\n<p>The German DAX fell 1.4 percent, France&#8217;s CAC 40 index slid 0.7 percent and the U.K.&#8217;s FTSE 100 was down half a percent. <\/p>\n<p>Miners fell after recent gains on hopes of resurgent demand from China. Anglo American and Antofagasta fell around 2 percent each.<\/p>\n<p>Budget footwear retailer Shoe Zone surged 13.5 percent after a positive trading update.<\/p>\n<p>Capita lost 3.3 percent. The outsourcing <span class=\"landLinks\">business<\/span> said that revenue for the first half of the year was in line with expectations.<\/p>\n<p>Discount retailer B&amp;M European Value Retail advanced 2.7 percent despite reporting a sales drop in the first quarter.<\/p>\n<p>EssilorLuxottica shares declined 2.6 percent. Leonardo Del Vecchio, the chairman of the eyeglass retailer and one of Italy&#8217;s wealthiest business figures, passed away at the age of 87.<\/p>\n<p>Hornbach Baumarkt, a DIY-store chain, tumbled 3.2 percent after reporting a decline in earnings for the first quarter. <\/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 Decline After Spain Inflation Surge<\/a><br \/>\n<br \/>2022-06-29 09:50:17<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks fell on Wednesday following a three-day rally. A cautious undertone prevailed ahead of a speech by European Central Bank President Christine Lagarde at the Sintra forum, alongside Federal&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23328,"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-23327","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23327","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=23327"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23328"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}