{"id":54070,"date":"2024-12-17T09:50:38","date_gmt":"2024-12-17T09:50:38","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/17\/european-shares-decline-as-german-ifo-index-signals-tough-times-ahead\/"},"modified":"2024-12-17T09:50:38","modified_gmt":"2024-12-17T09:50:38","slug":"european-shares-decline-as-german-ifo-index-signals-tough-times-ahead","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/17\/european-shares-decline-as-german-ifo-index-signals-tough-times-ahead\/","title":{"rendered":"European Shares Decline As German Ifo Index Signals Tough Times Ahead"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks hit two-week lows on Tuesday as investors looked ahead to a slew of major central bank decisions later in the week and watched closely the latest political developments in Germany and France. <\/p>\n<p>The single European currency remained near the 1,05 level, a day after a survey showed <span class=\"landLinks\">business<\/span> activity in the eurozone declined further in December.<\/p>\n<p>The release of German IFO index also signaled rough times ahead, with the corresponding indicator falling to 84.7 in December from 85.7 in November. <\/p>\n<p>Elsewhere, U.K. wage growth accelerated more than forecast in the three months to October, cementing expectations that the Bank of England will hold off cutting interest rates on Thursday. <\/p>\n<p>The pan European STOXX 600 dropped 0.3 percent to 514.06 after closing 0.1 percent lower on Monday. <\/p>\n<p>The German DAX was marginally lower and the U.K.&#8217;s FTSE 100 dropped 0.6 percent while France&#8217;s CAC 40 traded flat with a positive bias. <\/p>\n<p>Energy giant BP Plc fell about 1 percent in London and peer Shell gave up 1.6 percent as crude oil prices extended losses on China demand concerns.<\/p>\n<p>Bunzl slumped 4.5 percent after the business supplies distributor said persistent deflation, particularly in continental Europe, will have a slight impact on its annual profit.<\/p>\n<p>Capita shares plummeted 8 percent. The outsourcing firm saw its revenue drop eight percent in the first 11 months of the year.<\/p>\n<p>Airbus shares advanced 1.5 percent in Paris after Deutsche Bank upgraded its rating on the stock to &#8220;buy&#8221; from &#8220;hold&#8221;.<\/p>\n<p>Thyssenkrupp nucera AG shares were up 9 percent after the German company logged its highest quarterly sales for its alkaline electrolysers. <\/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 Decline As German Ifo Index Signals Tough Times Ahead<\/a><br \/>\n<br \/>2024-12-17 09:50:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks hit two-week lows on Tuesday as investors looked ahead to a slew of major central bank decisions later in the week and watched closely the latest political developments&#8230;<\/p>\n","protected":false},"author":2,"featured_media":54071,"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-54070","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54070","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=54070"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/54071"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=54070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=54070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=54070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}