{"id":30243,"date":"2023-01-18T09:47:32","date_gmt":"2023-01-18T09:47:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/01\/18\/european-shares-struggle-for-direction-after-recent-gains\/"},"modified":"2023-01-18T09:47:32","modified_gmt":"2023-01-18T09:47:32","slug":"european-shares-struggle-for-direction-after-recent-gains","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/01\/18\/european-shares-struggle-for-direction-after-recent-gains\/","title":{"rendered":"European Shares Struggle For Direction After Recent Gains"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were little changed in cautious trade Wednesday after five consecutive sessions of gains. <\/p>\n<p>As recession worries mount, investors awaited more U.S. economic data and earnings this week for directional cues. <\/p>\n<p>In economic releases, data showed consumer prices in the country rose at the slowest pace in three months in December, largely driven by the easing of motor fuel inflation.<\/p>\n<p>Consumer price inflation slowed to 10.5 percent in December, as expected, from 10.7 percent in November.<\/p>\n<p>On a monthly basis, consumer prices gained 0.4 percent, the same pace of growth as seen in November, and in line with expectations.<\/p>\n<p>The pan European STOXX 600 was marginally higher at 456.69 after gaining 0.4 percent on Tuesday. <\/p>\n<p>The U.K.&#8217;s FTSE 100 and France&#8217;s CAC 40 both edged up around 0.1 percent, while the German DAX was marginally lower.<\/p>\n<p>Automakers traded mostly higher after industry data showed European passenger car registrations climbed for the fifth month in a row in December, but at a slower pace than in November.<\/p>\n<p>New car sales in the European Union rose 12.8 percent year-on-year following a 16.3 percent growth in November.<\/p>\n<p>Continental AG tumbled 3 percent. The German car parts manufacturer cut its adjusted free cash flow expectations for 2022, citing further customer payment delays.<\/p>\n<p>Dutch semiconductor supplier ASM International NV soared 8.2 percent after its fourth-quarter revenue came in ahead of its guidance. <\/p>\n<p>Just Eat Takeaway.com NV, Europe&#8217;s largest meals delivery company, jumped more than 14 percent as it reported better-than-anticipated second-half income and outlined upbeat 2023 guidance.<\/p>\n<p>Swiss luxury goods group Richemont AG rose over 2 percent after reporting higher quarterly sales, driven by growth across all regions with the exception of Asia Pacific.<\/p>\n<p>British education group Pearson gained about 1 percent after posting 2022 results ahead of expectations.<\/p>\n<p>Luxury brand Burberry added 1.3 percent after reiterating its medium-term outlook. <\/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 Struggle For Direction After Recent Gains<\/a><br \/>\n<br \/>2023-01-18 09:47:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were little changed in cautious trade Wednesday after five consecutive sessions of gains. As recession worries mount, investors awaited more U.S. economic data and earnings this week for&#8230;<\/p>\n","protected":false},"author":2,"featured_media":30244,"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-30243","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/30243","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=30243"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/30243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/30244"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=30243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=30243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=30243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}