European markets turned lower amid rate jitters and macroeconomic anxieties as investors reviewed the latest batch of earnings. The Euro Area trade balance swung to a surplus in May after imports fell faster than exports.
European markets halted a 3-day rally, and luxury stocks declined after China reported mixed economic data. Industrial output in the eurozone declined less than expected in May.
European markets rebounded, the euro held firm, and bond yields edged lower after a week of political turmoil in France. Germany's wholesale prices declined for the 14th month in a row.
Political turmoil in France shows no sign of abating, with the potential to drag down the euro amid well-entrenched divisions among three political blocs with no clear majority.
With rising political turmoil and leading nations of the European Union, the euro may face an uncertain future in the months ahead. French lawmakers struggle to form an alliance amid deep divisions, which could force President Macron to appoint a technocrat as the next prime minister.
European markets extended weekly losses as France struggled to form a new government. The UK's newly appointed government plans to ramp up infrastructure spending, driving a higher budget deficit.
France is facing political gridlock after Sunday's snap election resulted in the first ever hung parliament, as neither party won a clear majority. Immigration, taxes, and pensions are likely to dominate the political agenda over the next three years.
European markets extended weekly gains, and the pound and the euro were in focus after the UK's Labour Party won in a landslide victory and the French parliament faced gridlock.
European markets advanced and extended weekly gains, and bond yields edged higher amid election uncertainty in France and the U.K. German factory orders declined in May due to fewer orders for large-ticket items. Swiss inflation, one of the lowest in the world, eased in June.
The UK parliamentary elections are likely to hand power to the Labour Party, but the country's economic woes and cost of living crisis are likely to worsen in the months ahead.
Election uncertainties in France and the UK overshadowed market trading in the eurozone and London. The jobless rate in the currency union held steady at a record low in May, and consumer price inflation eased in May.
The French election results indicated far-right parties won a smaller than feared number of seats in the first round of the election, raising the prospect of legislative gridlock and holding the increase in government spending.
Nokia agreed to acquire Infinera to bolster its optical networking business. Delivery Hero appointed an interim chief financial officer after the current CFO resigned.
European markets lost ground in June after the European Union elections set the stage for a shift in power balance in several member nations, rattling financial markets and the future outlook for the euro.
European markets traded in a narrow range, bond yields advanced in the currency union, and the euro and the pound nudged lower ahead of the parliamentary elections in France and the U.K. Sweden held its policy rate steady but held out for at least two rate cuts in the second half of the year.
