{"id":31199,"date":"2023-02-14T09:33:06","date_gmt":"2023-02-14T09:33:06","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/02\/14\/european-shares-gain-on-inflation-optimism\/"},"modified":"2023-02-14T09:33:06","modified_gmt":"2023-02-14T09:33:06","slug":"european-shares-gain-on-inflation-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/02\/14\/european-shares-gain-on-inflation-optimism\/","title":{"rendered":"European Shares Gain On Inflation Optimism"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were moving higher on Tuesday as investors pinned hopes that key U.S. inflation data for January due later in the day will show downward pressure on prices year-on-year.<\/p>\n<p>U.S. consumer prices are expected to show a monthly increase in January, although the annual rate of growth is expected to slow to 6.2 percent from 6.5 percent in the previous month.<\/p>\n<p>A hotter-than-expected reading might force the Fed into a more aggressive posture. Options trades show some investors are anticipating a peak rate of 6 percent by September.<\/p>\n<p>Meanwhile, Germany&#8217;s wholesale prices increased at the slowest pace in twenty-one months in January, Destatis reported earlier today. <\/p>\n<p>The wholesale price index rose 10.6 percent year-on-year in December, slower than the 12.8 percent rise in November.  <\/p>\n<p>Elsewhere, new data showed that U.K. employment rate remained steady in the final three months of 2022.<\/p>\n<p>The pan-European STOXX 600 rose half a percent to 464.10 after gaining 0.9 percent in the previous session. <\/p>\n<p>The German DAX edged up 0.3 percent, while France&#8217;s CAC 40 index and the U.K.&#8217;s FTSE 100 both added around 0.4 percent.<\/p>\n<p>Coca-Cola HBC rallied more than 3 percent in London. The consumer-packaged goods <span class=\"landLinks\">business<\/span> and strategic bottling partner of The Coca-Cola Company reported that its full year 2022 comparable net profit grew by 8.1 percent from prior year, due to higher operating profitability.<\/p>\n<p>Holiday group TUI jumped 3.4 percent. The company said recent bookings for the upcoming summer are running ahead of pre-pandemic levels.<\/p>\n<p>German conglomerate ThyssenKrupp plunged nearly 6 percent after its operating profit fell by a third in the first quarter.<\/p>\n<p>SGL Carbon fell about 1 percent on news that Susanne Klatten would step down as chairwoman of the supervisory board for personal reasons. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Gain On Inflation Optimism<\/a><br \/>\n<br \/>2023-02-14 09:33:06<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were moving higher on Tuesday as investors pinned hopes that key U.S. inflation data for January due later in the day will show downward pressure on prices year-on-year&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":31200,"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-31199","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/31199","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=31199"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/31199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/31200"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=31199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=31199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=31199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}