{"id":7689,"date":"2021-02-26T09:42:23","date_gmt":"2021-02-26T09:42:23","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/26\/european-shares-subdued-on-inflation-worries\/"},"modified":"2021-02-26T09:42:23","modified_gmt":"2021-02-26T09:42:23","slug":"european-shares-subdued-on-inflation-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/26\/european-shares-subdued-on-inflation-worries\/","title":{"rendered":"European Shares Subdued On Inflation Worries"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks fell on Friday, though the downside remained capped as global bond <span class=\"landLinks\">markets<\/span> attempted to recover from an aggressive selloff that drove steep losses in Treasuries.<\/p>\n<p>The pan European Stoxx 600 dipped 0.4 percent to 410.24 after declining 0.4 percent on Thursday. The German DAX was marginally lower, France&#8217;s CAC 40 index eased 0.3 percent and the U.K.&#8217;s FTSE 100 was down 0.4 percent. <\/p>\n<p>Building material company LafargeHolcim dropped about 1 percent after reporting slightly stronger earnings in the fourth quarter. <\/p>\n<p>Chemicals giant BASF rose about half a percent. The company expects 2021 earnings to rise as much as 38 percent if lockdown measures are eased.<\/p>\n<p>Telecommunications company Deutsche Telekom gained nearly 1 percent after its fourth-quarter profit soared on higher revenue.<\/p>\n<p>Natural gas and electricity supplier Engie fell 1.2 percent after it slipped to a net loss in FY20. The company reported that its fiscal 2020 net loss Group share was 1.5 billion euros, compared to prior year&#8217;s profit of 1 billion euros.<\/p>\n<p>Law Debenture Corp shares fell 2 percent. The company reported pretax profit of 4.1 million pounds for fiscal 2020 compared to 131.4 million pounds, prior year.<\/p>\n<p>Retail company Pets At Home Group surged 5 percent after upgrading its FY outlook.<\/p>\n<p>Real estate company Rightmove gave up 2.5 percent after reporting a sharp drop in both revenues and profits for last year.<\/p>\n<p>Jupiter Fund Management rallied 2.1 percent. The company ended 2020 with its assets under management at a record high.<\/p>\n<p>In economic releases, the French <span class=\"landLinks\">economy<\/span> contracted more than initially estimated in the fourth quarter, revised data from the statistical office Insee showed.<\/p>\n<p>Due to the second national lockdown and curfews, gross domestic product fell 1.4 percent sequentially in the fourth quarter. <\/p>\n<p>This was slightly bigger than the 1.3 percent fall estimated on January 29. The economy had rebounded 18.5 percent in the third quarter. <\/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 Subdued On Inflation Worries<\/a><br \/>\n<br \/>2021-02-26 09:42:23<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks fell on Friday, though the downside remained capped as global bond markets attempted to recover from an aggressive selloff that drove steep losses in Treasuries. The pan European&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7690,"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-7689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7689","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=7689"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7690"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}