{"id":135140,"date":"2023-12-14T05:39:10","date_gmt":"2023-12-14T05:39:10","guid":{"rendered":"https:\/\/myfintale.com\/?p=135140"},"modified":"2023-12-14T05:39:10","modified_gmt":"2023-12-14T05:39:10","slug":"european-shares-decline-as-investors-await-eurozone-gdp-data","status":"publish","type":"post","link":"https:\/\/myfintale.com\/business\/european-shares-decline-as-investors-await-eurozone-gdp-data\/","title":{"rendered":"European Shares Decline As Investors Await Eurozone GDP Data"},"content":{"rendered":"

European stocks fell slightly on Thursday after data showed Germany’s industrial output unexpectedly fell in October in a further sign of deteriorating environment in the key manufacturing base of Europe’s largest economy<\/span>.<\/p>\n

The euro struggled for direction while bond yields rose ahead of the euro zone final third-quarter GDP due later in the day.<\/p>\n

The pan European STOXX 600 was down 0.3 percent at 468.61 after hitting a more than four-month high on Wednesday amid expectations that global interest rates have peaked. <\/p>\n

The German DAX slipped 0.2 percent, France’s CAC 40 was down 0.1 percent and the U.K.’s FTSE 100 dropped 0.3 percent. <\/p>\n

Saint-Gobain shares were down half a percent. The French building materials firm has acquired Menkol Industries Private Limited, an Indian manufacturer specializing in high-added value waterproofing systems.<\/p>\n

Biopharmaceutical company Ipsen SA rallied 1.5 percent after saying it expects sales to grow at least 7 percent on an average annually for the period 2023-27 at constant exchange rates.<\/p>\n

Airline group Air France-KLM slumped 6 percent after JPMorgan analysts cut their rating on the stock.<\/p>\n

Games Workshop slumped 11 percent in London after releasing its half-year trading update.<\/p>\n

DS Smith, a packaging company, fell 1.2 percent after reporting a decline in pre-tax profit for the first half.<\/p>\n

AJ Bell jumped 8.4 percent. The asset management company reported higher profit and revenues, as well as assets under management for fiscal 2023.<\/p>\n

Future Plc shares plummeted 19 percent. The platform for specialist media announced that Penny Ladkin-Brand, Chief Financial and Strategy Officer, has informed the Board of her decision to step down later next year.<\/p>\n

Watches of Switzerland Group declined 1.3 percent after its first-half profit before tax dropped 20 percent. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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