{"id":1596670,"date":"2022-08-09T11:24:11","date_gmt":"2022-08-09T15:24:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1596670"},"modified":"2022-08-09T11:24:21","modified_gmt":"2022-08-09T15:24:21","slug":"european-shares-slip-with-u-s-inflation-data-in-focus","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/european-shares-slip-with-u-s-inflation-data-in-focus\/","title":{"rendered":"European shares slip with U.S. inflation data in focus"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feuropean-shares-slip-with-u-s-inflation-data-in-focus%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1596670&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Shreyashi Sanyal<\/p>\n<p>(Reuters) -European shares dipped on Tuesday as investors cautiously waited for key U.S. inflation data later in the week for hints on the Federal Reserve\u2019s next move on interest rate increases. <\/p>\n<p>The pan-European STOXX 600 index fell 0.3%, retreating after logging its best session in nearly two weeks on Monday.<\/p>\n<p>Declines on Tuesday were led by economically sensitive sectors such as miners and autos, among top gainers in the previous session. <\/p>\n<p>The STOXX 600 has floundered this month after climbing 7% in July on worries over dour economic data, rising geopolitical tensions and fears that higher interest rates could tip the economy into a recession.<\/p>\n<p>\u201cInvestor sentiment has improved with the strong rally in July. But for the rally to continue, economic and earnings outlooks will need to stabilize \u2013 which is not likely,\u201d said Patrick Armstrong, chief investment officer at Plurimi Wealth LLP in London.<\/p>\n<p>\u201cRisk assets will become more dependent on economic data now that the oversold conditions have dissipated.\u201d<\/p>\n<p>Investors now await an inflation reading from the world\u2019s biggest economy on Wednesday after a surprisingly strong employment data dented hopes that the Fed might go easy in its series of rate hikes aimed at tackling surging inflation.<\/p>\n<p>Swiss duty-free retailer Dufry rose 2.9% to the top of the STOXX 600, as it said it saw strong sales momentum continue in July despite the soaring inflation.<\/p>\n<p>Germany\u2019s Continental said it expects a rise in auto production in the second half of the year as supply chains stabilise and availability of semiconductors improves, but shares of the company slipped 0.8%.<\/p>\n<p>Sanofi slipped 1.2% to the bottom of France\u2019s CAC 40 as the drugmaker paused its recruitment globally for late-stage studies of its multiple sclerosis drug.<\/p>\n<p> (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2735735\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI780C8-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI780C8-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Shreyashi Sanyal (Reuters) -European shares dipped on Tuesday as investors cautiously waited for key U.S. inflation data later in the week for hints on the Federal Reserve\u2019s next move<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1596670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1596670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1596670"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1596670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1596670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1596670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1596670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}