{"id":7174,"date":"2021-02-03T10:06:23","date_gmt":"2021-02-03T10:06:23","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/03\/european-shares-extend-gains-on-growth-optimism\/"},"modified":"2021-02-03T10:06:23","modified_gmt":"2021-02-03T10:06:23","slug":"european-shares-extend-gains-on-growth-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/03\/european-shares-extend-gains-on-growth-optimism\/","title":{"rendered":"European Shares Extend Gains On Growth Optimism"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks rose for the third straight session on Wednesday amid expectations of a vaccine-powered strengthening of activity later in the year and additional policy support in a few large economies. Strong earnings from Alphabet and Amazon.com also boosted sentiment.<\/p>\n<p>The pan European Stoxx 600 rose half a percent to 408.12 after gaining 1.3 percent on Tuesday. The German DAX gained half a percent, France&#8217;s CAC 40 index inched up 0.3 percent and the U.K.&#8217;s FTSE 100 was up 0.2 percent.<\/p>\n<p>Novo Nordisk jumped 4.2 percent after the Danish pharmaceutical company gave upbeat sales and profit forecasts for 2021.<\/p>\n<p>Santander advanced 1.6 percent. After meeting its profit guidance for 2020, the Spanish bank said it expects higher profitability this year.<\/p>\n<p>Publicis Groupe shares surged 4.6 percent. After reporting better-than-expected organic growth in Q4, the French advertising agency company said it will hand back all of the salary reductions that 6,000 higher-earning staff voluntarily took during the worst of the <span class=\"landLinks\">coronavirus<\/span> downturn.<\/p>\n<p>British telecommunications company Vodafone jumped 2.8 percent after re-affirming its earnings targets.<\/p>\n<p>Glencore lost 1 percent after saying its copper and cobalt production fell in 2020.<\/p>\n<p>Siemens advanced 1.6 percent after the German engineering company beat first-quarter expectations and raised its guidance for the year.<\/p>\n<p>Telecommunications company Freenet soared 6.4 percent on share buyback news.<\/p>\n<p>In economic releases, the euro area private sector contracted further in January amid the Covid-19 pandemic as the decline in services was only partially offset by the growth in manufacturing sector, final survey results from IHS Markit showed.<\/p>\n<p>The final composite output index dropped to 47.8 in January from 49.1 in the previous month but was above the flash score of 47.5.<\/p>\n<p>The U.K. services sector activity contracted less-than-expected in January, the final report from IHS Markit revealed. <\/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 Extend Gains On Growth Optimism<\/a><br \/>\n<br \/>2021-02-03 10:06:23<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose for the third straight session on Wednesday amid expectations of a vaccine-powered strengthening of activity later in the year and additional policy support in a few large&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7175,"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-7174","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7174","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=7174"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7175"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}