{"id":45482,"date":"2024-04-02T09:38:46","date_gmt":"2024-04-02T09:38:46","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/04\/02\/european-markets-inch-higher-led-by-commodity-stocks\/"},"modified":"2024-04-02T09:38:46","modified_gmt":"2024-04-02T09:38:46","slug":"european-markets-inch-higher-led-by-commodity-stocks","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/04\/02\/european-markets-inch-higher-led-by-commodity-stocks\/","title":{"rendered":"European Markets Inch Higher Led By Commodity Stocks"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks traded slightly higher on Tuesday as strong U.S. manufacturing data helped lift mining and energy stocks.<\/p>\n<p>Investors shrugged off the results of a survey showing that Euro zone factory downturn deepened again in March. <\/p>\n<p>Inflation fell in six economically important German states in March, preliminary data showed ahead of key German inflation figures due alter in the day. <\/p>\n<p>Elsewhere, British manufacturers reported their first overall growth in activity in 20 months in March on the back of recovering demand in their home market.<\/p>\n<p>The pan-European STOXX 600 edged up 0.2 percent to 513.64 as trading resumed after a long holiday weekend. <\/p>\n<p>The German DAX was marginally higher, France&#8217;s CAC 40 inched up 0.1 percent and the U.K.&#8217;s FTSE 100 was up 0.4 percent. <\/p>\n<p>Rheinmetall AG, a German automotive and arms maker, rose about 2 percent after receiving a contract order worth 135 million euros from KNDS Germany.<\/p>\n<p>Swiss banking giant UBS Group AG added half a percent on share buyback news. <br \/>Miners Anglo American, Antofagasta and Glencore climbed 1-3 percent.<\/p>\n<p>BP Plc rallied 2.5 percent and peer Shell added 2.9 percent as U.S. crude futures hit $85 a barrel in New York for the first time since October amid growing geopolitical risks and signs of improving demand in the U.S. and China.<\/p>\n<p>Housebuilder Persimmon fell over 2 percent, Taylor Wimpey lost 1.8 percent and Barratt Developments declined 1.4 percent after data showed U.K. house prices declined unexpectedly in March as a result of higher interest rates.<\/p>\n<p>The Nationwide Building Society&#8217;s house price index posted a monthly fall of 0.2 percent in March, in contrast to the 0.7 percent rise in February and confounding the forecast of 0.3 percent gain.<\/p>\n<p>Origin Enterprises rose about 1 percent as the international agri-services group announced the appointment of Colm Purcell as chief financial officer (CFO).<\/p>\n<p>CTS Eventim AG, a German provider of ticketing services and live <span class=\"landLinks\">entertainment<\/span>, added half a percent after it signed a put option deal with French media and entertainment firm Vivendi SA on the sale of Vivendi&#8217;s festival and See Tickets&#8217; international ticketing activities. <\/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 Markets Inch Higher Led By Commodity Stocks<\/a><br \/>\n<br \/>2024-04-02 09:38:46<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks traded slightly higher on Tuesday as strong U.S. manufacturing data helped lift mining and energy stocks. Investors shrugged off the results of a survey showing that Euro zone&#8230;<\/p>\n","protected":false},"author":2,"featured_media":45483,"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-45482","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45482","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=45482"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/45483"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=45482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=45482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=45482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}