{"id":40194,"date":"2023-11-01T09:42:55","date_gmt":"2023-11-01T09:42:55","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/11\/01\/european-shares-marginally-higher-as-investors-await-fed-decision\/"},"modified":"2023-11-01T09:42:55","modified_gmt":"2023-11-01T09:42:55","slug":"european-shares-marginally-higher-as-investors-await-fed-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/11\/01\/european-shares-marginally-higher-as-investors-await-fed-decision\/","title":{"rendered":"European Shares Marginally Higher As Investors Await Fed Decision"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were flat to slightly higher on Wednesday on optimism that the European Central Bank is done with raising rates.<\/p>\n<p>Meanwhile, investors cheered data showing that British house prices in October were 0.9 percent higher than in September, supported by a lack of properties for sale.<\/p>\n<p>The pan European STOXX 600 was up 0.2 percent at 434.53 after suffering its biggest monthly loss in about a year. <\/p>\n<p>The German DAX was marginally higher, while France&#8217;s CAC 40 and the U.K.&#8217;s FTSE 100 both edged up around 0.1 percent.<\/p>\n<p>The euro extended losses for a second straight session against the dollar as traders await the Federal Reserve&#8217;s rate decision and Chair Jerome Powell&#8217;s press conference later in the day.<\/p>\n<p>In corporate news, Wolters Kluwer NV shares were down nearly 4 percent. The Netherlands-based information, software and services company said that adjusted operating profit for the first nine months of the year declined 2 percent in constant currencies. <\/p>\n<p>Skanska plunged more than 11 percent. The Swedish builder reported third-quarter operating earnings well below market expectations as a result of weak property <span class=\"landLinks\">markets<\/span>.<\/p>\n<p>ASOS plunged 10 percent in London after the embattled fast fashion retailer posted a near \u00a3300m annual loss.<\/p>\n<p>Aston Martin Lagonda plummeted 14 percent. The luxury carmaker lowered its 2023 volume outlook for the DB12 model after posting a wider-than-expected third-quarter loss.<\/p>\n<p>Neste fell more than 1 percent after the Finnish refiner announced plans to cut 400 jobs in a cost cutting drive. <\/p>\n<p>Barry Callebaut, the world&#8217;s biggest chocolate maker, surged 4.2 percent after updating its mid-term volume target. <\/p>\n<p>British clothing and homeware group Next rallied 3.4 percent after raising its profit guidance for the fourth time so for this fiscal year.<\/p>\n<p>Likewise, pharmaceutical giant GSK rose about 1 percent after upgrading its financial guidance for the second time this year. <\/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 Marginally Higher As Investors Await Fed Decision<\/a><br \/>\n<br \/>2023-11-01 09:42:55<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were flat to slightly higher on Wednesday on optimism that the European Central Bank is done with raising rates. Meanwhile, investors cheered data showing that British house prices&#8230;<\/p>\n","protected":false},"author":2,"featured_media":40195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-40194","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\/40194","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=40194"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/40195"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=40194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=40194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=40194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}