{"id":9478,"date":"2021-05-06T05:30:39","date_gmt":"2021-05-06T05:30:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/06\/european-shares-set-to-open-on-cautious-note-2\/"},"modified":"2021-05-06T05:30:39","modified_gmt":"2021-05-06T05:30:39","slug":"european-shares-set-to-open-on-cautious-note-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/06\/european-shares-set-to-open-on-cautious-note-2\/","title":{"rendered":"European Shares Set To Open On Cautious Note"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks may open on a cautious note Thursday, though underlying sentiment could remain supported by hopes of a strong economic recovery from the pandemic-triggered recession. <\/p>\n<p>The British pound was flat ahead of today&#8217;s BoE interest rate decision. The Bank of England might start to slow its pandemic emergency support, citing a much stronger recovery this year than it previously expected. <\/p>\n<p>The dollar eased off of its more than two-week high hit earlier on Wednesday after three Fed officials argued that U.S. inflation is unlikely to get out of control despite the unprecedented government spending. <\/p>\n<p>Oil traded flat after ending slightly lower on Wednesday as data showed gasoline inventories in the United States rose for a fifth consecutive week.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> are trading mixed as investors looked forward to Friday&#8217;s U.S. monthly jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. <\/p>\n<p>Overnight, U.S. stocks ended mixed as investors digested mixed economic data and fretted about inflation. <\/p>\n<p>Shares of major pharmaceutical companies dropped as the Biden administration announced support for waiving intellectual patent protections for <span class=\"landLinks\">coronavirus<\/span> vaccines.<\/p>\n<p>The Dow rose 0.3 percent to reach a new record closing high and the S&amp;P 500 inched up marginally while the tech-heavy Nasdaq Composite eased 0.4 percent. <\/p>\n<p>European markets advanced on Wednesday as investors weighed robust earnings reports and a brightening economic outlook against inflationary concerns. <\/p>\n<p>The pan European Stoxx 600 climbed 1.8 percent. The German DAX surged 2.1 percent, France&#8217;s CAC 40 index rallied 1.4 percent and the U.K.&#8217;s FTSE 100 added 1.7 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/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 To Open On Cautious Note<\/a><br \/>\n<br \/>2021-05-06 05:30:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks may open on a cautious note Thursday, though underlying sentiment could remain supported by hopes of a strong economic recovery from the pandemic-triggered recession. The British pound was&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9479,"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-9478","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9478","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=9478"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9479"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}