{"id":7441,"date":"2021-02-12T09:19:09","date_gmt":"2021-02-12T09:19:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/12\/european-shares-slide-in-cautious-trade\/"},"modified":"2021-02-12T09:19:09","modified_gmt":"2021-02-12T09:19:09","slug":"european-shares-slide-in-cautious-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/12\/european-shares-slide-in-cautious-trade\/","title":{"rendered":"European Shares Slide In Cautious Trade"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks fell in cautious trade on Friday as investors reacted to weak U.K. GDP data and U.S. President Joe Biden&#8217;s comments on China.<\/p>\n<p>After a two-hour call with Chinese counterpart Xi Jinping on Wednesday, Biden warned lawmakers that &#8220;If we don&#8217;t get moving, they are going to eat our lunch&#8221;.<\/p>\n<p>The two leaders discussed a range of issues, including human rights, trade and security, according to the White House. Both appeared at odds on most issues.<\/p>\n<p>The pan-European Stoxx 600 index slid 0.4 percent to 409.73 after gaining half a percent on Thursday. <\/p>\n<p>The German DAX fell 0.7 percent, France&#8217;s CAC 40 index gave up half a percent and the U.K.&#8217;s FTSE 100 was down 0.2 percent. <\/p>\n<p>Dutch bank ING Groep NV surged 4 percent after its fourth-quarter profit topped analysts&#8217; estimates.<\/p>\n<p>Semiconductor company ASML Holding NV climbed 2.1 percent after its fourth-quarter sales and profit beat expectations.<\/p>\n<p>Norwegian aluminium and renewable energy company Norsk Hydro ASA dropped 1.7 percent after reports that around 40,000 Brazilians have filed a class-action lawsuit in the Netherlands against the company over alleged toxic waste pollution in northern Brazil.<\/p>\n<p>L&#8217;Oreal shares rose 2 percent on brokerage upgrades after the cosmetics company posted higher-than-expected revenue growth for the fourth quarter.<\/p>\n<p>Pharmaceutical company Sanofi edged up slightly. The company said it has made a recommended all-cash offer to all the shareholders to acquire Kiadis Pharma N.V.s&#8217; shares at an offer price of EUR 5.45 (cum dividend) in cash per share.<\/p>\n<p>In economic releases, official data showed the U.K. <span class=\"landLinks\">economy<\/span> logged its biggest annual fall on record in 2020, with GDP falling 9.9 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 Slide In Cautious Trade<\/a><br \/>\n<br \/>2021-02-12 09:19:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks fell in cautious trade on Friday as investors reacted to weak U.K. GDP data and U.S. President Joe Biden&#8217;s comments on China. After a two-hour call with Chinese&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7442,"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-7441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7441","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=7441"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7442"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}