European markets trimmed early advances and energy prices dropped. Two inflation reports in the region showed weakening trend in price increases in the eurozone. Germany's trade surplus was stable in February.
European market sentiment weakened after inflation worries resurfaced a day after the Euro Area inflation dropped to a 13-month low in March. The latest inflation worry was sparked after OPEC+ announced a production cut from May. Crude oil jumped as much as 8%.
European markets shifted focus to domestic corporate news and looked beyond current banking crisis in the region. Resource stocks traded higher for the third day in a row after a rebound in crude oil prices.
European markets struggled to hold early gains as the worries of a recession and rising risks to banks resurfaced. Resource stocks advanced following higher crude oil and base metal prices.
European market indexes closed higher after banks rebounded and German business climate index improved for the fifth month in a row. Eurozone money supply growth eased in February on weaker private sector loan demand.
European markets advanced after banks rebounded. The UK consumer price inflation unexpectedly rose in February and the current account surplus in the Euro Area rose in January on the back of a larger surplus in international goods trade.
European banks rebounded following the assurances from the ECB president that banks have adequate capital and liquidity that exceeds regulatory requirements.
European markets reversed earlier losses and closed higher after joint efforts from six major central banks agreed to provide additional liquidity after the Switzerland engineered rescue of Credit Suisse.
European markets closed down on the growing awareness of the fragility of the banking system in the face of rapidly rising rates. For the first time in decades, banks are facing rapidly rising rates and falling government bond prices, the staple of core assets at most banks.
European market indexes rebounded after the Swiss National Bank agreed to provide significant liquidity to the troubled Credit Suisse. The European Central Bank lifted its key lending rates as expected.
European markets rebounded a day after registering the worst one-day decline in 2023. The European Central Bank is set to announce its rate decision on Thursday. Rising interest rates in the U.S. and the Euro Area are expected to expand losses in assets held by banks.
European market indexes closed at two-month lows after banks extended losses for the second day in a row following the rapid collapse of three U.S. banks in less than a week highlighting the fragility of the U.S. banking system and lax supervision.
European markets extended weekly losses after significant losses in banks. Germany's inflation in February held steady and France's international trade gap shrank and Spain's retail sales advanced.
European indexes hovered near one-year highs as investors weighed the prospect of economic slowdown amid rising rates in the months to come. Despite the economic worries, corporate sales and earnings have generally met or exceeded expectations.
