{"id":53837,"date":"2024-12-11T10:11:19","date_gmt":"2024-12-11T10:11:19","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/11\/european-shares-little-changed-as-investors-await-us-inflation-print\/"},"modified":"2024-12-11T10:11:19","modified_gmt":"2024-12-11T10:11:19","slug":"european-shares-little-changed-as-investors-await-us-inflation-print","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/11\/european-shares-little-changed-as-investors-await-us-inflation-print\/","title":{"rendered":"European Shares Little Changed As Investors Await US Inflation Print"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were little changed on Wednesday, after having snapped an eight-session losing streak the previous day as weaker-than-expected Chinese trade data signaled growing trade challenges.<\/p>\n<p>A cautious undertone prevailed as traders awaited key U.S. CPI data due later in the day that could influence the Federal Reserve&#8217;s interest -rate decision next week.<\/p>\n<p>Market participants also await the ECB policy meeting and the outcome of China&#8217;s two-day Central Economic Work Conference that is expected to map out policies for next year.<\/p>\n<p>The pan European STOXX 600 was marginally lower at 518.02 after falling half a percent on Tuesday. <\/p>\n<p>The German DAX traded flat with a positive bias, while France&#8217;s CAC 40 was marginally lower and the U.K.&#8217;s FTSE 100 dipped 0.2 percent. <\/p>\n<p>Zara owner Inditex slumped 4.5 percent after reporting disappointing third-quarter sales. <\/p>\n<p>German energy group Siemens Energy declined nearly 2 percent after U.S. rival GE Vernova sounded cautious about the outlook for the struggling wind sector.<\/p>\n<p>Sportswear maker Adidas dropped half a percent after authorities raided its headquarters in Germany as part of a prolonged tax investigation.<\/p>\n<p>Online retailer Zalando plunged 6 percent after it struck a deal to buy rival fashion group About You Holding for 1.1 billion euros. Shares of the latter soared 64 percent.<\/p>\n<p>Bilfinger jumped 4.3 percent after launching a share buyback program.<\/p>\n<p>TUI Group, a leisure and travel company, plummeted 5 percent despite reporting a boost in profit in the 2024 financial year and projecting further growth into 2025.<\/p>\n<p>RM Plc shares jumped 11 percent in London. The provider of educational <span class=\"landLinks\">technology<\/span> and assessment solutions said its anticipated results for the fiscal year ended November 30, 2024, are likely to exceed market expectations.<\/p>\n<p>Technology group Cohort rallied 5 percent after reporting a record performance for the first half of the year.<\/p>\n<p>British American Tobacco, a cigarette and tobacco manufacturer, rose about 1 percent after reaffirming its 2024 guidance. <\/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 Little Changed As Investors Await US Inflation Print<\/a><br \/>\n<br \/>2024-12-11 10:11:19<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were little changed on Wednesday, after having snapped an eight-session losing streak the previous day as weaker-than-expected Chinese trade data signaled growing trade challenges. A cautious undertone prevailed&#8230;<\/p>\n","protected":false},"author":2,"featured_media":53838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-53837","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\/53837","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=53837"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/53838"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=53837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=53837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=53837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}