{"id":7716,"date":"2021-03-02T09:46:33","date_gmt":"2021-03-02T09:46:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/02\/european-shares-slide-in-lackluster-trade\/"},"modified":"2021-03-02T09:46:33","modified_gmt":"2021-03-02T09:46:33","slug":"european-shares-slide-in-lackluster-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/02\/european-shares-slide-in-lackluster-trade\/","title":{"rendered":"European Shares Slide In Lackluster Trade"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were flat to slightly lower on Tuesday as weaker commodity prices pulled down miners and energy companies.<\/p>\n<p>Caution crept in after China&#8217;s top financial regulator said that he is concerned about risks arising from bubbles in financial <span class=\"landLinks\">markets<\/span> and huge inflow of foreign capital.<\/p>\n<p>The pan European Stoxx 600 slipped 0.1 percent to 411.88 after climbing 1.8 percent on Monday. <\/p>\n<p>The German DAX eased 0.2 percent and France&#8217;s CAC 40 slid 0.1 percent while the U.K.&#8217;s FTSE 100 was marginally higher ahead of Wednesday&#8217;s budget. <\/p>\n<p>Meal-kit delivery company HelloFresh slumped 3.4 percent despite reporting quarterly sales above market expectations.<\/p>\n<p>TeamViewer AG, a provider of secure remote connectivity solutions and workplace digitalization <span class=\"landLinks\">technology<\/span>, rose nearly 4 percent.<\/p>\n<p>The company announced its acquisition of Upskill, the U.S.-based pioneer in augmented reality software for frontline workers for an undisclosed amount.<\/p>\n<p>Swiss Life Group shares were down 0.7 percent. The insurer reported that its fiscal 2020 net profit declined 13 percent from last year to 1.05 billion Swiss francs.<\/p>\n<p>Miners Anglo American and Glencore dropped 1 percent and half a percent, respectively while oil &amp; gas firm BP Plc fell 2.4 percent and Royal Dutch Shell lost 1.8 percent.<\/p>\n<p>Hedge fund manager Man Group rose 0.6 percent. After reporting a slide in its 2020 core pretax profit, the company said it is entering 2021 with good momentum.<\/p>\n<p>Fresnillo fell over 1 percent despite maintaining its outlook for 2021 attributable gold and silver output.<\/p>\n<p>Housebuilder Taylor Wimpey rallied 2 percent after its 2020 pretax profit fell 68 percent in line with expectations.<\/p>\n<p>In economic releases, German retail sales decreased for a second straight month and at a faster than expected pace in January, preliminary figures from Destatis showed.<\/p>\n<p>Retail sales fell 4.5 percent month-on-month, which was worse than the 0.3 percent decline economists had expected. In December, sales decreased 9.1 percent.<\/p>\n<p>U.K. house price inflation accelerated in February, defying expectations for further slowing, survey data from the Nationwide Building Society showed. <\/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 Lackluster Trade<\/a><br \/>\n<br \/>2021-03-02 09:46:33<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were flat to slightly lower on Tuesday as weaker commodity prices pulled down miners and energy companies. Caution crept in after China&#8217;s top financial regulator said that he&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7717,"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-7716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7716","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=7716"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7717"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}