European markets extended weekly gains and bond yields remained elevated after the European Central Bank signaled additional rate hikes following the latest increase this week.
European markets traded lower on the worries of more rate hikes to follow. The European Central Bank hiked its key lending rates as expected and rates are expected to climb higher.
European markets traded sideways ahead of rate announcements this week from the European Central Bank and the U.S. Federal Reserve. Natural gas prices retreated after rallying in the previous week.
European markets edged lower after a volatile week and investors awaited rate decision next week. Inflation has cooled in recent months but prices are still rising at a faster pace than 2%, the level preferred by the European Central Bank.
European markets retained downward bias ahead of rate decisions next week. The eurozone economy dipped into technical recession after GDP shrank unexpectedly in the first quarter.
Investors adopted wait and see approach ahead of central bank actions next week. German industrial production rebounded and French trade deficit widened and UK home prices eased.
Germany's trade surplus widened in April after exports rose and imports fell. Eurozone business growth slowed in May and the service sector expanded at a slower pace in Italy and Spain. Crude oil advanced after Saudi Arabia announced additional production cuts.
Bond yields traded lower in the Euro Area and the U.S. dollar eased. French industrial production recovered in April and the number of registered unemployed people declined in May to the lowest level since 2008.
European markets were dragged down by weak energy, resource and industrial sectors. Crude oil extended decline for the second day in a row after China's manufacturing sector contracted at a faster pace in May. Consumer price inflation eased in France and Italy.
European markets advanced in thin trading following the U.S. debt ceiling agreement. Stocks lacked direction and markets in the U.S. and U.K. were closed for a holiday.
European markets rebounded from two-month lows amid U.S. debt ceiling talks optimism. Crude oil erased losses of the week and the dollar index traded at a two-month high.
