{"id":34868,"date":"2023-05-31T09:43:50","date_gmt":"2023-05-31T09:43:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/05\/31\/european-shares-decline-on-growth-concerns-5\/"},"modified":"2023-05-31T09:43:50","modified_gmt":"2023-05-31T09:43:50","slug":"european-shares-decline-on-growth-concerns-5","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/05\/31\/european-shares-decline-on-growth-concerns-5\/","title":{"rendered":"European Shares Decline On Growth Concerns"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were moving lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks.<\/p>\n<p>Traders also watched the latest developments surrounding the U.S. debt ceiling bill.<\/p>\n<p>The pan European STOXX 600 was down 0.2 percent at 455.63 after losing 0.9 percent on Tuesday.<\/p>\n<p>The German DAX, France&#8217;s CAC 40 and the U.K.&#8217;s FTSE 100 were down between 0.2 percent and half a percent. <\/p>\n<p>Anglo American, Glencore, BP Plc and Shell lost 1-2 percent after China reported a contraction in manufacturing activity in May.<\/p>\n<p>Entain, owned by Ladbrokes, fell over 2 percent after the company revealed it expects to be hit by a large fine as part of an investigation by Britain&#8217;s tax authority over historic corporate misconduct involving former third-party suppliers.<\/p>\n<p>B&amp;M European Value Retail S.A. jumped 5.6 percent after the discount retailer said it expects current adjusted core earnings to be higher in 2024.<\/p>\n<p>Bloomsbury Publishing gained 2 percent after FY23 profit and revenue beat expectations.<\/p>\n<p>Retailer WH Smith added 1 percent after lifting its full-year guidance.<\/p>\n<p>Credit Suisse Group shares were little changed after reports that it has scrapped plans to set up a locally incorporated bank in China. <\/p>\n<p>In economic releases, flash figures released earlier today showed French inflation eased to 6 percent from 6.9 percent in April. Germany&#8217;s CPI report is due later in the day. <\/p>\n<\/p>\n<p>Business News<\/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 Decline On Growth Concerns<\/a><br \/>\n<br \/>2023-05-31 09:43:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were moving lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks. Traders also watched the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":34869,"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-34868","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/34868","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=34868"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/34868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/34869"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=34868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=34868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=34868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}