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.
European markets struggled after the U.S. debt ceiling talks showed no progress and German GDP in the first quarter was downwardly revised to a contraction, entering the economy into a technical recession.
Benchmark indexes in Europe turned sharply lower after the U.S. debt ceiling talks stalled as the default date approached. The yields on German, French, Italian and the UK bonds inched higher.
European markets extended weekly gains after positive corporate earnings lifted market sentiment supported by the progress in debt limit talks in the U.S.
European markets rebounded and benchmark indexes in Germany and France reached new highs surpassing the previous highs in January 2022. Spain narrowed its trade deficit in March and Italy's trade surplus expanded.
European markets edged lower after core inflation stayed near record high in April. Passenger car registration growth slowed in April but Spain, Italy, France and Germany registered sharp gains.
European markets barely budged amid flood economic data from the Euro Area, UK, China and India. GDP in the Euro Area barely expanded in the first quarter and employment rose in the currency union. China's weaker-than-expected data showed uneven economic rebound.
European markets advanced after the European Commission revised higher its annual economic growth outlook for the region. The Euro Area inflation industrial production declined significantly in March and
the German wholesale inflation index eased in April.
