European markets advanced in thin trading, and investors looked ahead to the release of the eurozone's consumer price inflation data later in the week.
Germany's economic growth in the first quarter was confirmed at 0.2%, driven by a rebound in exports and investments. Poor weather and weak consumer demand negatively impacted the UK's retail sales.
European markets rebounded and semiconductor-related stocks advanced after Nvidia reported strong quarterly results. Private sector activities in the eurozone rose to a one-year high, driven by rising orders.
European Union passenger car sales rebounded in April after sales recovered in the four largest markets in the union, and battery-powered electric vehicle sales held their market share at 12%. Consumer price inflation in the UK slowed to nearly a three-year low.
Generali reported weaker-than-expected quarterly results. Saipem won three large construction contracts, and Kontron AG said it won a significant order for one of its advanced electronics products.
European markets halted a three-week rally after policymakers signaled enthusiasm about a rate cut that may be misplaced. Consumer price inflation in the eurozone was confirmed at 2.4% in April. France's jobless rate held steady at 7.5%, matching rates in the previous two quarters.
European markets hovered near record highs set in the previous session after rate-cut speculation extended week's gains. The price of copper reached a new 3-year high on the expectation of demand growth fueled by new data centers.
The Eurozone GDP in the first quarter rebounded after contracting in two previous quarters in a row; industrial production eased in March; and employment in the first quarter expanded at a slower pace.
European market indexes traded around the flatline, bond yields advanced, and the euro gained in international trading. Germany's consumer price inflation was confirmed at 2.2%, and UK wages rose faster than the inflation rate for the tenth month in a row.
European markets hovered near record highs and bond yields advanced after interest rate cut expectations lifted indexes for the third consecutive week.
European markets advanced more than 3% this week in hopes of rate cuts in the eurozone and the U.K. following the dovish guidance from the Bank of England.
European markets paused a 4-day rally, and benchmark indexes in Paris, London, and Frankfurt hovered near record highs. The Bank of England is expected to hold interest rates amid elevated food and service sector inflation. Resource stocks advanced after China's imports rose in April.
The eurozone jobless rate held steady at a record low for the third month in a row in March. France's industrial output declined in March due to a weakness in the manufacturing sector. The UK's service sector growth accelerated in April.
