{"id":9025,"date":"2021-04-21T05:40:59","date_gmt":"2021-04-21T05:40:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/21\/european-shares-seen-higher-at-open-3\/"},"modified":"2021-04-21T05:40:59","modified_gmt":"2021-04-21T05:40:59","slug":"european-shares-seen-higher-at-open-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/21\/european-shares-seen-higher-at-open-3\/","title":{"rendered":"European Shares Seen Higher At Open"},"content":{"rendered":"
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European stocks look set to open on a positive note Wednesday, even as underlying sentiment may remain cautious amid fears of more economic pain from coronavirus<\/span> lockdowns in some Asian countries. <\/p>\n

Japan’s government is considering a state of emergency for Tokyo and Osaka as new Covid case numbers surge. <\/p>\n

India is seeing a huge surge in Covid-19 cases, with Prime Minister Narendra Modi requesting states to use lockdown as a last resort, and focus only on micro-containment zones.<\/p>\n

Meanwhile, the European Medicines Agency said that blood clots should be listed as a “very rare” side effect of Johnson & Johnson’s coronavirus vaccine, and that the overall benefits of the shot still outweighed the risks.<\/p>\n

The United States is expected to announce its decision on the single-shot J&J vaccine by Friday.<\/p>\n

Asian markets<\/span> fell broadly and crude prices extended declines from a one-month high on concerns that record coronavirus infections in India and the reinforcement of travel restrictions will act as a brake on the global economy<\/span>.<\/p>\n

Gold gained on a softer U.S. dollar and declining yields as focus shifts to Thursday’s ECB policy meeting. <\/p>\n

Investors hope the meeting will give more clarity about the ECB’s stimulus plans once the bloc’s economic recovery takes hold. <\/p>\n

Consumer and producer price figures from the U.K. are due later in the session, headlining a light day for the European economic news.<\/p>\n

Across the Atlantic, trading may be impacted by reaction to the latest earnings news amid another quiet day on the economic front. <\/p>\n

IBM shares climbed to hit a new 52-week high in extended-hours trade after the company beat top and bottom line estimates during the first quarter. <\/p>\n

However, United Airlines Holdings posted a bigger-than-expected loss and Netflix reported a slowdown in subscriber growth. <\/p>\n

U.S. stocks fell notably overnight as concerns over rising coronavirus cases around the world hit travel-related stocks. <\/p>\n

The Dow slid 0.8 percent, the tech-heavy Nasdaq Composite shed 0.9 percent and the S&P 500 gave up 0.7 percent. <\/p>\n

European markets fell sharply on Tuesday after hitting record highs a day earlier. <\/p>\n

The pan European Stoxx 600 plummeted 1.9 percent. The German DAX tumbled 1.6 percent, France’s CAC 40 index lost 2.1 percent and the U.K.’s FTSE 100 slumped 2 percent. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n