{"id":44728,"date":"2024-03-12T09:41:09","date_gmt":"2024-03-12T09:41:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/12\/european-shares-gain-with-uk-employment-and-us-inflation-data-in-focus\/"},"modified":"2024-03-12T09:41:09","modified_gmt":"2024-03-12T09:41:09","slug":"european-shares-gain-with-uk-employment-and-us-inflation-data-in-focus","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/12\/european-shares-gain-with-uk-employment-and-us-inflation-data-in-focus\/","title":{"rendered":"European Shares Gain With UK Employment And US Inflation Data In Focus"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks ticked higher on Tuesday, after having fallen for the first time in three days the previous day due to uncertainty about the outlook for interest rates. <\/p>\n<p>There was some cheer on the economic front, with German inflation easing in February as initially expected.<\/p>\n<p>Elsewhere, weak U.K. employment and wage growth data spurred hopes of rate cuts.<br \/>Investors await key U.S. inflation data later in the day for clues on when the Federal Reserve will begin cutting rates. <\/p>\n<p>The pan European STOXX 600 was up 0.3 percent at 503.21 after declining 0.4 percent on Monday. <\/p>\n<p>The German DAX edged up 0.2 percent, France&#8217;s CAC 40 was marginally higher and the U.K.&#8217;s FTSE 100 jumped 0.8 percent. <\/p>\n<p>The British pound fell against rivals after data showed Britain&#8217;s unemployment rate rose for the first time since July and wage growth eased, adding to evidence of a cooling labor market. <\/p>\n<p>In corporate news, Generali shares rose about 1 percent after the Italian lender posted its best profit ever in 2023.<\/p>\n<p>Energy stocks traded higher, with BP Plc rising 1.3 percent and Shell adding 0.8 percent as oil prices rose amid heightened geopolitical tensions in the Middle East.<\/p>\n<p>Infrastructure products and services provider Hill &amp; Smith jumped 3.6 percent after reporting record annual results.<\/p>\n<p>Housebuilder Persimmon tumbled 3.7 percent after it narrowly missed market views for last year&#8217;s pretax profit and revenue.<\/p>\n<p>Oracle shares jumped 6 percent in Frankfurt after the U.S. company posted better-than-expected quarterly earnings.<\/p>\n<p>Porsche added about 1 percent, reversing an early slide after the luxury carmaker said it expects lower returns in 2024.<\/p>\n<p>Chemical company Wacker Chemie AG soared nearly 7 percent despite forecasting a slight decline in 2024 sales and earnings. <\/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 Gain With UK Employment And US Inflation Data In Focus<\/a><br \/>\n<br \/>2024-03-12 09:41:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks ticked higher on Tuesday, after having fallen for the first time in three days the previous day due to uncertainty about the outlook for interest rates. There was&#8230;<\/p>\n","protected":false},"author":2,"featured_media":44729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-44728","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/44728","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=44728"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/44728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/44729"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=44728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=44728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=44728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}