{"id":7928,"date":"2021-03-11T09:37:34","date_gmt":"2021-03-11T09:37:34","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/11\/european-shares-advance-ahead-of-ecb-meeting\/"},"modified":"2021-03-11T09:37:34","modified_gmt":"2021-03-11T09:37:34","slug":"european-shares-advance-ahead-of-ecb-meeting","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/11\/european-shares-advance-ahead-of-ecb-meeting\/","title":{"rendered":"European Shares Advance Ahead Of ECB Meeting"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks hit a one-year high on Thursday as tame U.S. consumer inflation data helped ease concerns about inflation and the U.S. House of Representatives passed the $1.9 trillion <span class=\"landLinks\">coronavirus<\/span> relief package.<\/p>\n<p>Investors await European Central Bank President Christine Lagarde&#8217;s comments on a recent rise in bond yields. The interest rate announcement from the European Central Bank is due at 7.45 am ET.<\/p>\n<p>The bank is expected to keep its policy rates and stimulus package unchanged at the second rate-setting meeting of the year. President Christine Lagarde is set to hold the customary press conference at 8.30 am ET.<\/p>\n<p>The ECB staff macroeconomic projections are also due, with economists expecting a downward revision of growth and an upward revision of inflation forecasts.<\/p>\n<p>The pan European Stoxx 600 rose 0.3 percent to 423.50 after rising 0.4 percent on Wednesday. The German DAX was marginally higher, while France&#8217;s CAC 40 index inched up 0.3 percent and the U.K.&#8217;s FTSE 100 rose 0.2 percent. <\/p>\n<p>Nokia advanced 1.7 percent after the Finnish telecom company struck a deal with Samsung to license patents covering its innovations in video standards.<\/p>\n<p>Italian insurer Generali gained nearly 2 percent after saying it expects a rebound in profitability this year. <\/p>\n<p>Roche dropped 1 percent. The Swiss drug maker said that adding its drug Actemra to Gilead Sciences&#8217; Veklury medication did not reduce hospital stays for patients with severe Covid-19 pneumonia.<\/p>\n<p>Miners Anglo American, Antofagasta and Glencore rose 2-3 percent on hopes that Biden&#8217;s stimulus program will boost the economic recovery from the coronavirus pandemic around the world.<\/p>\n<p>Online trading platform IG Group Holdings soared 4.5 percent after reporting a significant rise in third-quarter revenue.<\/p>\n<p>Engine maker Rolls-Royce Holdings rose over 1 percent despite widening its 2020 pretax loss.<\/p>\n<p>Fashion house Hugo Boss AG fell 2.7 percent after it swung to a net loss for 2020 compared with a profit for 2019.<\/p>\n<p>Reinsurer Hannover Re rose over 1 percent after confirming its 2021 targets.<\/p>\n<p>Chemicals company Lanxess slumped 4 percent after posting a narrowed loss for the fourth quarter of 2020. <\/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 Advance Ahead Of ECB Meeting<\/a><br \/>\n<br \/>2021-03-11 09:37:34<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks hit a one-year high on Thursday as tame U.S. consumer inflation data helped ease concerns about inflation and the U.S. House of Representatives passed the $1.9 trillion coronavirus&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-7928","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\/7928","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=7928"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7929"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}