{"id":24936,"date":"2022-08-18T09:29:30","date_gmt":"2022-08-18T09:29:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/18\/european-shares-reverse-early-losses-on-inflation-data\/"},"modified":"2022-08-18T09:29:30","modified_gmt":"2022-08-18T09:29:30","slug":"european-shares-reverse-early-losses-on-inflation-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/18\/european-shares-reverse-early-losses-on-inflation-data\/","title":{"rendered":"European Shares Reverse Early Losses On Inflation Data"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were mostly higher on Thursday, reversing initial losses after final Eurostat data showed Eurozone&#8217;s Inflation surged 8.9 percent year-on-year in July, matching estimates.<\/p>\n<p>U.S. weekly jobless claims for the week ended August 13 and existing home sales data are due out in the New York session.<\/p>\n<p>Euro zone government bond yields rose after ECB board member Isabel Schnabel said consumer prices could still accelerate in the short term, suggesting she favors another large interest-rate hike next month.<\/p>\n<p>The pan European Stoxx 600 was marginally higher at 439.19, reversing an early slide. <\/p>\n<p>The German DAX rose 0.4 percent and France&#8217;s CAC 40 index edged up 0.3 percent and the U.K.&#8217;s FTSE 100 was down 0.1 percent. <\/p>\n<p>Dutch payments group Adyen plunged 11.5 percent after reporting deteriorating margins in the second quarter.<\/p>\n<p>Rank Group shares fell 2.3 percent. The British gambling company warned of difficult times after reporting a turnaround to profit for the fiscal 2022.<\/p>\n<p>Marshalls lost 2.8 percent. The specialist landscape products group reported that its first-half profit before tax declined to 23.9 million pounds from last year&#8217;s 38.9 million pounds.<\/p>\n<p>Miner Anglo American declined 2.6 percent on going ex-dividend.<\/p>\n<p>Made.com plunged 10 percent. The struggling online furniture retailer confirmed that it is considering a potential equity capital raise.<\/p>\n<p>HELLA GmbH &amp; Co. KgaA shares rallied 2.1 percent. The German automotive part supplier posted a decline in earnings for the fiscal 2021-22 but achieved record order intake. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Reverse Early Losses On Inflation Data<\/a><br \/>\n<br \/>2022-08-18 09:29:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were mostly higher on Thursday, reversing initial losses after final Eurostat data showed Eurozone&#8217;s Inflation surged 8.9 percent year-on-year in July, matching estimates. U.S. weekly jobless claims for&#8230;<\/p>\n","protected":false},"author":2,"featured_media":24937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-24936","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\/24936","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=24936"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/24936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/24937"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=24936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=24936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=24936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}