{"id":23625,"date":"2022-07-08T09:09:37","date_gmt":"2022-07-08T09:09:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/07\/08\/european-shares-subdued-after-a-two-day-rally\/"},"modified":"2022-07-08T09:09:37","modified_gmt":"2022-07-08T09:09:37","slug":"european-shares-subdued-after-a-two-day-rally","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/07\/08\/european-shares-subdued-after-a-two-day-rally\/","title":{"rendered":"European Shares Subdued After A Two-day Rally"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were subdued on Friday after two days of gains. <\/p>\n<p>A cautious undertone prevailed as investors awaited the release of U.S. non-farm payroll data for June later in the day and the June inflation data to be released next week for clues to the possible rate hikes by the Federal Reserve. <\/p>\n<p>The pan European Stoxx 600 slipped 0.3 percent to 413.78 after climbing 1.9 percent on Thursday. <\/p>\n<p>The German DAX shed half a percent, France&#8217;s CAC 40 index gave up 0.7 percent and the U.K.&#8217;s FTSE 100 was down 0.2 percent. <\/p>\n<p>The British pound weakened against the dollar after Prime Minister Boris Johnson resigned.<\/p>\n<p>Miners Anglo American, Antofagasta and Glencore dropped 1-2 percent as copper prices fell on concerns over a flare-up in COVID-19 cases and restrictions in China. <\/p>\n<p>Holcim, a Swiss- based construction material company, rose about 1 percent after it acquired General Beton Romania S.R.L, a key national player in ready-mix concrete.<\/p>\n<p>Swedish Orphan Biovitrum AB added 1.4 percent. The specialized biopharmaceutical company announced an exclusive license agreement with ADC Therapeutics SA for loncastuximab tesirine.<\/p>\n<p>British sports-fashion retailer JD Sports Fashion rose over 1 percent after saying it has appointed Andy Higginson as Chair, effective July 11.<\/p>\n<p>German real estate company TAG Immobilien plunged 12 percent after it resolved on \u20ac200m fully underwritten capital increase to refinance its acquisition of ROBYG S.A. <\/p>\n<\/p>\n<\/div><\/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 Subdued After A Two-day Rally<\/a><br \/>\n<br \/>2022-07-08 09:09:37<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were subdued on Friday after two days of gains. A cautious undertone prevailed as investors awaited the release of U.S. non-farm payroll data for June later in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-23625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23625","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=23625"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23626"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}