{"id":29386,"date":"2022-12-22T05:29:08","date_gmt":"2022-12-22T05:29:08","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/12\/22\/european-shares-seen-opening-up-on-china-optimism\/"},"modified":"2022-12-22T05:29:08","modified_gmt":"2022-12-22T05:29:08","slug":"european-shares-seen-opening-up-on-china-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/12\/22\/european-shares-seen-opening-up-on-china-optimism\/","title":{"rendered":"European Shares Seen Opening Up On China Optimism"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks may open a tad higher on Thursday after Beijing used a series of meetings to underline the country&#8217;s pivot towards a focus on growth.<\/p>\n<p>China will speed up construction of major investment projects and equipment upgrading, state media quoted the cabinet as saying after a regular meeting.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> traded broadly higher, and the yen firmed towards its recent four-month peak against the dollar, while oil extended gains for a fourth day after data showed a larger-than-expected draw in U.S. crude stockpiles.<\/p>\n<p>Traders also tracked the fallout from Group of Seven sanctions targeting Russia&#8217;s crude exports and revenues.<\/p>\n<p>Gold edged higher ahead of the latest weekly U.S. jobless claim numbers and the U.S. GDP data for the third quarter due out later in the day.<\/p>\n<p>Closer home, the Office for National Statistics releases U.K. final GDP data for the third quarter. <\/p>\n<p>The preliminary estimates showed that the <span class=\"landLinks\">economy<\/span> contracted 0.2 percent sequentially, offsetting the 0.2 percent increase a quarter ago. The statistical office is set to confirm the preliminary estimate.<\/p>\n<p>U.S. stocks rose for a second straight session overnight on the back of upbeat consumer confidence data and solid earnings from corporate giants Nike and FedEx.<\/p>\n<p>The Dow surged 1.6 percent, while the S&amp;P 500 and the Nasdaq Composite climbed around 1.5 percent each.<\/p>\n<p>European stocks ended Wednesday&#8217;s session on a buoyant note after a report showed improvement in German consumer sentiment.<\/p>\n<p>The pan European STOXX 600 advanced 1.7 percent. The German DAX rallied 1.5 percent, France&#8217;s CAC 40 index surged 2 percent and the U.K.&#8217;s FTSE 100 added 1.7 percent. <\/p>\n<\/p>\n<p>Business News<\/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 Seen Opening Up On China Optimism<\/a><br \/>\n<br \/>2022-12-22 05:29:08<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks may open a tad higher on Thursday after Beijing used a series of meetings to underline the country&#8217;s pivot towards a focus on growth. China will speed up&#8230;<\/p>\n","protected":false},"author":2,"featured_media":29387,"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-29386","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/29386","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=29386"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/29386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/29387"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=29386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=29386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=29386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}