{"id":9033,"date":"2021-04-21T09:53:14","date_gmt":"2021-04-21T09:53:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/21\/european-shares-rise-on-earnings-2\/"},"modified":"2021-04-21T09:53:14","modified_gmt":"2021-04-21T09:53:14","slug":"european-shares-rise-on-earnings-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/21\/european-shares-rise-on-earnings-2\/","title":{"rendered":"European Shares Rise On Earnings"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks advanced on Wednesday as investors digested a batch of strong earnings and looked ahead to the ECB rate decision for directional cues. <\/p>\n<p>The European Central Bank holds a policy meeting on Thursday, with investors hoping the meeting will give more clarity about the central bank&#8217;s stimulus plans.<\/p>\n<p>The pan European Stoxx 600 rose 0.4 percent to 435.68 after plunging 1.9 percent on Tuesday. The German DAX and the U.K.&#8217;s FTSE 100 edged up around 0.2 percent, while France&#8217;s CAC 40 index gained half a percent.<\/p>\n<p>ASML Holding shares jumped 4.4 percent after the semiconductor equipment maker boosted its revenue guidance for 2021. <\/p>\n<p>Brewer Heineken climbed 3.6 percent after reporting higher net profit in the first quarter.<\/p>\n<p>Pharmaceutical group Roche Holding gained 1.4 percent after confirming its outlook for the year. <\/p>\n<p>Airlines were moving higher, with Lufthansa, International Consolidated Airlines and easyJet climbing 2-3 percent. <\/p>\n<p>Shares of Juventus Football Club plunged 12 percent as all six English teams backed out of plans for an elite Super League, after a storm of protest from supporters. <\/p>\n<p>Metro AG shares added 1.4 percent. The wholesale food distributor has updated its revenue and earnings forecasts for the full fiscal year, and said that first-half figures were in line with guidance.<\/p>\n<p>Grocer Carrefour surged 4 percent after it reported higher first-quarter sales and announced that it is launching a share buyback program worth at least \u20ac500 million.<\/p>\n<p>Luxury goods company Kering advanced 1.7 percent. The firm&#8217;s Q1 sales topped forecasts as leading brand Gucci returned to growth.<\/p>\n<p>Pharmaceutical company Hikma rallied 2.4 percent after announcing it has resumed the launch of its generic version of GlaxoSmithKline&#8217;s asthma Advair Diskus in the United States.<\/p>\n<p>Bunzl lost 2.4 percent. The distribution and services firm reported a rise in first-quarter revenue and maintained its outlook for the rest of the year.<\/p>\n<p>Kier Group shares slumped 4 percent. The construction company plans to raise 190-240 million pounds by offering new shares in the coming weeks.<\/p>\n<p>In economic releases, U.K. consumer prices advanced 0.7 percent year-on-year in March, faster than the 0.4 percent increase seen in February, data from the Office for National Statistics revealed.<\/p>\n<p>U.K. average house prices grew 8.6 percent year-on-year in February, faster than the 8 percent increase in January, another report showed. This was the fastest growth since October 2014. <\/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 Rise On Earnings<\/a><br \/>\n<br \/>2021-04-21 09:53:14<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks advanced on Wednesday as investors digested a batch of strong earnings and looked ahead to the ECB rate decision for directional cues. The European Central Bank holds a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-9033","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\/9033","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=9033"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9034"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}