{"id":134868,"date":"2023-11-21T03:39:02","date_gmt":"2023-11-21T03:39:02","guid":{"rendered":"https:\/\/fin2me.com\/?p=134868"},"modified":"2023-11-21T03:39:02","modified_gmt":"2023-11-21T03:39:02","slug":"european-shares-inch-higher-in-cautious-trade-ahead-of-key-data","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/european-shares-inch-higher-in-cautious-trade-ahead-of-key-data\/","title":{"rendered":"European Shares Inch Higher In Cautious Trade Ahead Of Key Data"},"content":{"rendered":"
European stocks were seeing modest gains in cautious trade on Tuesday ahead of German ZEW economic sentiment figures, preliminary third-quarter gross domestic product data from the euro zone and the all-important U.S. CPI report that could influence the Fed’s rate trajectory. <\/p>\n
The pan European STOXX 600 was up 0.3 percent at 447.85 after rising 0.8 percent on Monday. <\/p>\n
The German DAX rose 0.4 percent, France’s CAC 40 added 0.2 percent and the U.K.’s FTSE 100 was marginally higher. <\/p>\n
Eurozone bond yields struggled for direction following hawkish comments from ECB policymakers pushing against expectations for rate cuts.<\/p>\n
ECB president Christine Lagarde said in an interview during the weekend that no change in interest rates should be expected in the “next couple of quarters”.<\/p>\n
In corporate news, commodity giant Glencore rallied 3.2 percent in London after it agreed to buy a majority stake in Teck Resources Ltd.’s coal business<\/span> for $6.93 billion in cash.<\/p>\n Hill & Smith, an engineering & construction company, climbed 2.2 percent after reporting higher revenues for the four-month period ending October 31.<\/p>\n Events organizer Informa soared 6 percent after lifting its full-year guidance.<\/p>\n Vodafone Group shares fell 1.7 percent. The telecommunications company reported a much lower pre-tax profit for the first half of fiscal 2024, reflecting adverse foreign-exchange rate movements and business disposals in the prior year.<\/p>\n Germany’s Delivery Hero jumped 3.7 percent after the online takeaway food company raised its full-year outlook.<\/p>\n RWE rallied 2.1 percent as the utility posted an 82 percent increase in core profit for the first nine months. <\/p>\n