{"id":8146,"date":"2021-03-19T05:44:37","date_gmt":"2021-03-19T05:44:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/19\/european-shares-set-for-subdued-open\/"},"modified":"2021-03-19T05:44:37","modified_gmt":"2021-03-19T05:44:37","slug":"european-shares-set-for-subdued-open","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/19\/european-shares-set-for-subdued-open\/","title":{"rendered":"European Shares Set For Subdued Open"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks are seen drifting lower on Friday as investors monitor bond yields, the slow pace of vaccinations and a new wave of <span class=\"landLinks\">coronavirus<\/span> infections and fresh lockdowns across Europe. <\/p>\n<p>The yield on the benchmark 10-year Treasury bonds hit 1.71 percent, its highest in almost 14 months, amid bets that inflation would eventually force the Federal Reserve to tighten monetary policy. <\/p>\n<p>Earlier today, the Bank of Japan agreed to allow benchmark yields to fluctuate in a slightly wider trading band, as widely expected. <\/p>\n<p>A raft of European countries said they would soon resume vaccinations after the European medical regulator said the jab is &#8220;safe and effective&#8221; and its benefits outweigh possible risks. <\/p>\n<p>Some countries in Europe are imposing Covid-19 related restrictions once again as new infections increase. As the outbreak spirals out of control, Brazil is reporting record daily numbers. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> followed Wall Street lower while oil prices steadied but were still down more than 8 percent for the week. Gold edged lower, feeling the pressure from a stronger dollar and climbing U.S. Treasury yields. <\/p>\n<p>U.S. stocks fell overnight as oil prices recorded their biggest one-day drop since September and bond yields surged on expectations for faster economic recovery and inflation. <\/p>\n<p>Economic reports proved to be a mixed bag. While U.S. jobless claims unexpectedly jumped to a one-month high due to the impact of Winter Storm Uri, a measure of regional manufacturing activity spiked to a nearly 50-year high. <\/p>\n<p>The Dow dropped half a percent and the S&amp;P 500 shed 1.5 percent while the tech-heavy Nasdaq Composite index plunged as much as 3 percent amid a sell-off in <span class=\"landLinks\">technology<\/span> stocks. <\/p>\n<p>European stocks rose on Thursday after both the Federal Reserve and the Bank of England vowed to keep liquidity plentiful despite concerns around inflation. <\/p>\n<p>The pan European Stoxx 600 gained 0.4 percent. The German DAX rallied 1.2 percent, France&#8217;s CAC 40 index inched up 0.1 percent and the U.K.&#8217;s FTSE 100 gained 0.3 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 Set For Subdued Open<\/a><br \/>\n<br \/>2021-03-19 05:44:37<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks are seen drifting lower on Friday as investors monitor bond yields, the slow pace of vaccinations and a new wave of coronavirus infections and fresh lockdowns across Europe&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":8147,"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-8146","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8146","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=8146"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8147"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}