European markets were cautious ahead of rate decisions this week and inflation accelerated in April on faster service inflation. Benchmark indexes trended lower on the worries of the impact of higher rates on commercial real estate.
European markets extended losses in the week after the Euro Area GDP barely expanded in the first quarter, raising the prospect of more weakness in the quarters ahead. Aggressive rate hikes and elevated inflation are impacting aggregate demand in the currency union.
Benchmark indexes in Europe hovered near one-year high in cautious mood despite positive earnings from leading corporations in the UK, Germany, France and Holland. The euro traded at a one-year high.
European markets lacked direction despite several industrial, retail and travel related companies reporting better-than-expected quarterly results. Santander topped estimates but UBS earnings plunged on higher legal provisions.
European markets traded sideways amid lingering economic slowdown worries and ahead of earnings from leading banks in the region. Resource stocks extend losses on the ongoing weakness in commodities prices.
European stocks traded in a tight range with a slight upward bias after private surveys showed improving business activities in the Euro Area, Germany and UK. Retail sales in the UK fell more than expected after poor weather conditions dampened activities.
European markets paused for the second day in a row and hovered near record highs as investors digested a fresh batch of earnings. The Euro Area international goods trade swung to surplus in February. Germany's wholesale price inflation fell sharply.
European markets paused after extending gains in record territory in the last one month after terminal rate and rate path worries resurfaced. Core consumer price inflation in the UK hovered near the four-decade high and in the eurozone accelerated to a new high.
European markets traded higher and the French index scaled a new record high and the German index approached record high reached 17 months ago. Positive earnings and larger-than-expected growth in China supported positive market sentiment.
The European markets dissipated opening gains after financial stocks declined in the region on the earnings anxieties. Resource stocks advanced following a mild rebound in commodities prices after China held its key interest rate.
Benchmark index in France traded at a new record high and the DAX index approached the record high in November 2021. Investors are betting that the central banks are nearing the end of the monetary tightening cycle.
European markets advanced and the benchmark indexes in France traded at a record high and in Germany extended 2023 gains following gains in specialty retailers and industrial companies.
European markets traded higher and the currencies in the region advanced after the U.S. dollar drifted lower. Resource and mining stocks led the gainers after crude oil and commodities prices rebounded.
European markets turned cautious as investors shifted focus to the risks of economic slowdown despite the string economic reports suggesting stable economic recovery.
