{"id":63788,"date":"2025-09-03T09:17:09","date_gmt":"2025-09-03T09:17:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/09\/03\/european-shares-edge-higher-after-pmi-data\/"},"modified":"2025-09-03T09:17:09","modified_gmt":"2025-09-03T09:17:09","slug":"european-shares-edge-higher-after-pmi-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/09\/03\/european-shares-edge-higher-after-pmi-data\/","title":{"rendered":"European Shares Edge Higher After PMI Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks traded higher on Wednesday as a selloff in longer-dated bonds appeared to stabilize, and a survey showed the euro zone <span class=\"landLinks\">economy<\/span> continued its slow expansion in August despite a weakening in services sector growth. <\/p>\n<p>The HCOB Eurozone Composite Purchasing Managers&#8217; Index (PMI) edged up from 50.9 in July to 51.0, marking a 12-month high. <\/p>\n<p>Elsewhere, the U.K. Composite PMI was revised slightly higher to 53.5 from an initial estimate of 53.0.<\/p>\n<p>Comments from European Central Bank President Christine Lagarde and the release of U.S. job openings data for July will be in the spotlight as the session progresses. <\/p>\n<p>The pan-European STOXX 600 climbed 0.6 percent to 546.20 after tumbling 1.5 percent on Tuesday, the most in a month on worries about rising bond yields. <\/p>\n<p>The German DAX added 0.6 percent, France&#8217;s CAC 40 rallied 1 percent and the U.K.&#8217;s FTSE 100 was up 0.4 percent. <\/p>\n<p>Swedish construction firm Skanska gained 1 percent on securing a USD 73 million contract in the United States. <\/p>\n<p>Cairn Homes shares fell 1.6 percent after the British housebuilder posted a drop in first-half profit. <\/p>\n<p>Equipment rental company Ashtead Group advanced 1.5 percent after posting in-line quarterly results and lifting its free cash flow guidance.<\/p>\n<p>Watches of Switzerland surged 7.3 percent after reporting strong trading and growth across key <span class=\"landLinks\">markets<\/span> for the 18 weeks to 31 August 2025.<\/p>\n<p>Swiss Life Holding dropped 1.7 percent as the insurer posted a lower first-half net profit. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Edge Higher After PMI Data<\/a><br \/>\n<br \/>2025-09-03 09:17:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks traded higher on Wednesday as a selloff in longer-dated bonds appeared to stabilize, and a survey showed the euro zone economy continued its slow expansion in August despite&#8230;<\/p>\n","protected":false},"author":2,"featured_media":63789,"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-63788","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/63788","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=63788"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/63788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/63789"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=63788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=63788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=63788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}