{"id":7901,"date":"2021-03-10T09:55:49","date_gmt":"2021-03-10T09:55:49","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/10\/european-shares-edge-higher-as-yields-stabilize\/"},"modified":"2021-03-10T09:55:49","modified_gmt":"2021-03-10T09:55:49","slug":"european-shares-edge-higher-as-yields-stabilize","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/10\/european-shares-edge-higher-as-yields-stabilize\/","title":{"rendered":"European Shares Edge Higher As Yields Stabilize"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks eked out modest gains on Wednesday as U.S. Treasury yields stabilized after the successful auction of $58 billion in three-year notes.<\/p>\n<p>Investors looked to U.S. inflation data and a critical 10-year bond auction for further direction.<\/p>\n<p>Closer home, the European Central Bank is seen stepping up its pace of emergency asset purchases to counter rising bond yields, when it meets on Thursday. <\/p>\n<p>The pan European Stoxx 600 inched up 0.2 percent to 421.10, after having hit its highest level since late February 2020 on Tuesday. <\/p>\n<p>The German DAX rose 0.3 percent and France&#8217;s CAC 40 index gained 0.6 percent while the U.K.&#8217;s FTSE 100 was down 0.2 percent. <\/p>\n<p>Adidas jumped 3.3 percent. After reporting a fall in Q4 profit, the sportswear maker said it expects strong top-line increase with sales to grow at a mid- to high-teens rate in fiscal 2021.<\/p>\n<p>Vehicle maker MAN SE advanced 1.6 percent. The company expects sales revenue to rise in fiscal 2021 due to volume-related factors.<\/p>\n<p>BP Plc and Royal Dutch Shell both rose about 1 percent as oil prices edged up after falling for two straight sessions.<\/p>\n<p>CLS Holdings gained nearly 2 percent. The company said the value of its portfolio of European commercial property rose by 1.4 percent during 2020.<\/p>\n<p>Restaurant Group surged 4.5 percent. After reporting a much widened pretax loss for 2020, the casual dining operator is seeking to raise \u00a3175m from its shareholders to pay down debt and use as a buffer in case of any Covid resurgence.<\/p>\n<p>Spanish clothing company Inditex was moving lower after it reported a 70 percent fall in 2020 net profit.<\/p>\n<p>Online food ordering company Just Eat Takeaway.com gained 0.8 percent after saying it sees growth ahead.<\/p>\n<p>In economic releases, France&#8217;s industrial production grew 3.3 percent month-on-month in January, reversing a 0.7 percent fall in December, data from the statistical office Insee showed. Economists had forecast an increase of 0.5 percent. <\/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 Edge Higher As Yields Stabilize<\/a><br \/>\n<br \/>2021-03-10 09:55:49<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks eked out modest gains on Wednesday as U.S. Treasury yields stabilized after the successful auction of $58 billion in three-year notes. Investors looked to U.S. inflation data and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-7901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7901","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=7901"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7902"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}