{"id":7135,"date":"2021-02-02T10:01:35","date_gmt":"2021-02-02T10:01:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/02\/european-shares-extend-rally-on-stimulus-optimism\/"},"modified":"2021-02-02T10:01:35","modified_gmt":"2021-02-02T10:01:35","slug":"european-shares-extend-rally-on-stimulus-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/02\/european-shares-extend-rally-on-stimulus-optimism\/","title":{"rendered":"European Shares Extend Rally On Stimulus Optimism"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks rose on Tuesday, with easing concerns about tight liquidity conditions in China, reports indicating progress in U.S. stimulus negotiations and signs of expanding vaccination programs boosting sentiment. <\/p>\n<p>Investors await earnings from Amazon.com and Alphabet Inc later in the day for further direction. <\/p>\n<p>The pan European Stoxx 600 climbed 1.2 percent to 405.62 after rallying 1.2 percent in the previous session. The German DAX gained 1.3 percent, France&#8217;s CAC 40 index jumped 1.8 percent and the U.K.&#8217;s FTSE 100 was up 0.8 percent.<\/p>\n<p>Sweden&#8217;s Electrolux declined 1.4 percent despite the home alliance company posting higher than forecast fourth-quarter profit. <\/p>\n<p>British oil major BP Plc tumbled 3.2 percent after its fourth-quarter profit missed the consensus view.<\/p>\n<p>Airline EasyJet gained 2.4 percent and Ryanair Holding rallied 2.5 percent amid signs of the vaccination rollout picking up pace.<\/p>\n<p>Online food delivery company Just Eat Takeaway.com dropped 1.6 percent after it placed 1.1 billion euros of convertible bonds, consisting of two tranches.<\/p>\n<p>IT consulting group Atos added 2.3 percent. The French company has decided to walk away from a potential deal to buy U.S. rival DXC Technology Co. after its earlier bid was rejected.<\/p>\n<p>&#8220;The board of directors of Atos has unanimously determined not to pursue a potential transaction with DXC Technology,&#8221; the company said in a statement.<\/p>\n<p>German chemicals company Wacker Chemie gained 0.9 percent after it swung to profit in 2020.<\/p>\n<p>Fresenius Medical Care slumped 13 percent after the world&#8217;s No.1 kidney dialysis firm warned that profit will shrink this year.<\/p>\n<p>Fresenius SE, the company that owns a third of Fresenius Medical, lost 5.7 percent despite achieving its sales and net income guidance for 2020.<\/p>\n<p>In economic releases, French consumer prices climbed 0.6 percent year-on-year in January, after staying flat in December, provisional data from the statistical office Insee revealed. <\/p>\n<p>This was the fastest increase since July, when prices grew 0.8 percent and also bigger than the economists&#8217; forecast of 0.4 percent.<\/p>\n<p>U.K. house prices climbed 6.4 percent on a yearly basis in January, but weaker than the 7.3 percent increase logged in December, data from the Nationwide Building Society showed.  Economists had forecast an annual growth of 6.9 percent. <\/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 Extend Rally On Stimulus Optimism<\/a><br \/>\n<br \/>2021-02-02 10:01:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose on Tuesday, with easing concerns about tight liquidity conditions in China, reports indicating progress in U.S. stimulus negotiations and signs of expanding vaccination programs boosting sentiment. Investors&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7136,"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-7135","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7135","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=7135"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7136"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}