{"id":9451,"date":"2021-05-05T10:06:34","date_gmt":"2021-05-05T10:06:34","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/05\/european-shares-rebound-on-growth-optimism\/"},"modified":"2021-05-05T10:06:34","modified_gmt":"2021-05-05T10:06:34","slug":"european-shares-rebound-on-growth-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/05\/european-shares-rebound-on-growth-optimism\/","title":{"rendered":"European Shares Rebound On Growth Optimism"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks rose sharply on Wednesday after data showed Eurozone private sector growth continued for second consecutive month as manufacturing and services industries expanded.<\/p>\n<p>The IHS Markit composite purchasing managers&#8217; index rose to 53.8 in April from 53.2 in March. That was slightly stronger than a preliminary reading of 53.7.<\/p>\n<p>Sentiment was also underpinned after U.S. Treasury Secretary Janet Yellen downplayed earlier comments that rate hikes may be needed to stop the <span class=\"landLinks\">economy<\/span> overheating.<\/p>\n<p>The pan European Stoxx 600 rallied 1.4 percent to 439.56 after losing 1.4 percent on Tuesday. The German DAX climbed 1.4 percent, France&#8217;s CAC 40 index gained 1 percent and the U.K.&#8217;s FTSE 100 added 1.2 percent.<\/p>\n<p>Tech stocks rebounded, with AMS climbing 5.4 percent and Infineon Technologies rising 2 percent.<\/p>\n<p>German logistics company Deutsche Post jumped nearly 4 percent after lifting its operating profit forecast for 2021.<\/p>\n<p>Daimler dropped 2.2 percent after Nissan Motor decided to sell all 1.54 percent of shares in the German carmaker owned by Renault Motors in France.<\/p>\n<p>Fashion house Hugo Boss surged 5.3 percent. The company expects to double sales and remains optimistic of generating a positive EBIT in the second quarter.<\/p>\n<p>Delivery Hero tumbled 3.8 percent after former owners of Woowa Brothers sold shares worth about 1.25 billion euros ($1.5 billion) in the online food ordering company.<\/p>\n<p>Rio Tinto, BHP Group, Glencore and Anglo American jumped 3-4 percent in London as copper prices rose past a key psychological level of $10,000 a ton, supported by prospects for higher demand.<\/p>\n<p>Total SE rallied 2.2 percent, BP Plc gained 1.3 percent and Royal Dutch Shell added 0.9 percent as oil extended an overnight rally.<\/p>\n<p>McBride shares plunged 20 percent as the cleaning product supplier McBride downgraded its annual earnings guidance, citing rising input costs and weaker sales.<\/p>\n<p>Resource management firm Veolia Environnement was fluctuating, giving up initial gains. The French company said it is ahead of 2021 objectives and plans to recover the pre-crisis dividend policy in 2021.<\/p>\n<p>Danish wind turbine company Vestas Wind Systems soared 8 percent after narrowing its Q1 loss and maintaining FY21 views. <\/p>\n<p>Shipping company Maersk climbed 3.6 percent after it booked record earnings in the first quarter. <\/p>\n<p>Stellantis NV, the new auto group formed from the merger of Fiat Chrysler and PSA Group, rallied 2.8 percent after reporting better-than-expected quarterly revenue. <\/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 Rebound On Growth Optimism<\/a><br \/>\n<br \/>2021-05-05 10:06:34<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose sharply on Wednesday after data showed Eurozone private sector growth continued for second consecutive month as manufacturing and services industries expanded. The IHS Markit composite purchasing managers&#8217;&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9452,"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-9451","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9451","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=9451"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9452"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}