{"id":9738,"date":"2021-05-14T09:50:45","date_gmt":"2021-05-14T09:50:45","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/14\/european-shares-rise-as-inflation-worries-ease\/"},"modified":"2021-05-14T09:50:45","modified_gmt":"2021-05-14T09:50:45","slug":"european-shares-rise-as-inflation-worries-ease","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/14\/european-shares-rise-as-inflation-worries-ease\/","title":{"rendered":"European Shares Rise As Inflation Worries Ease"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were modestly higher on Friday, as a drop in commodity prices and comments from Fed policymakers helped ease investor fears that rising inflation could spur a sudden shift in U.S. monetary policy.<\/p>\n<p>The pan European Stoxx 600 rose half a percent to 439.63, but was still on course for a 1 percent weekly drop. The German DAX and the U.K.&#8217;s FTSE 100 were up around 0.6 percent, while France&#8217;s CAC 40 index climbed 0.7 percent <\/p>\n<p>Travel-related stocks were moving higher, with Lufthansa and TUI AG both adding about 1 percent following reports that Germany&#8217;s pandemic restrictions could ease further in the coming days.<\/p>\n<p>Italian lender Banco BPM rallied 3.3 percent after Deutsche Bank upgraded the stock to &#8220;buy&#8221;.<\/p>\n<p>French food group Danone fell 1.7 percent after Goldman Sachs downgraded the stock to &#8220;sell&#8221;.<\/p>\n<p>LondonMetric Property rose about 1 percent in London after it announced the acquisition of three urban logistics warehouses in Croydon, Dunstable and Warrington for 18.7 million pounds.<\/p>\n<p>Miners fell, with Antofagasta down 2.4 percent and Rio Tinto losing 2 percent as raw materials cooled from a scorching rally.<\/p>\n<p>Total SE rose 1.2 percent, BP Plc gained 0.6 percent and Royal Dutch Shell added 1 percent, even as oil extended losses after dropping about 3 percent overnight on fading pipeline outage gears and rising COVID-19 cases in India, the world&#8217;s third biggest importer of crude.<\/p>\n<p>Sanne Group shares soared 23 percent after the asset management services provider rejected a $1.90 billion buyout proposal.<\/p>\n<p>Spirits maker Diageo climbed 1.1 percent after HSBC raised its price target on the stock. <\/p>\n<\/p>\n<p>Market Analysis<\/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 As Inflation Worries Ease<\/a><br \/>\n<br \/>2021-05-14 09:50:45<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were modestly higher on Friday, as a drop in commodity prices and comments from Fed policymakers helped ease investor fears that rising inflation could spur a sudden shift&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9739,"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-9738","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9738","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=9738"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9739"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}