The Euro Area's GDP stagnated in the fourth quarter after weak consumer spending overwhelmed gains in international trade and government spending. In the full-year economy expanded at a healthy pace, but slower than in 2021.
European markets extended gains and France's benchmark index closed at a new high on the optimism of higher exports to China and falling energy prices. Germany's factory orders rose in January.
European market indexes traded at a new one-year highs and the France's index hovered near record high amid economic optimism and a fall in energy prices.
The Euro Area producer price inflation eased after energy prices fell and Germany's exports rebounded in January on higher shipments to the U.S., France's industrial output declined for the first time in three months and Italy's GDP contracted marginally in the final quarter of 2022.
European markets surrendered gains driven by China optimism after inflation and aggressive rate hikes worries resurfaced in the final hour of trading. Germany's consumer price inflation and jobless rate were steady in February but Swiss retail sales fell for the fourth month in a row.
European stocks and currencies traded lower and bond yields inched higher on the prospect of the U.S. keeping higher rates longer. Germany's fourth quarter decline was steeper than previously estimated. For the week, benchmark indexes declined between 1% and 2%.
Ongoing worries of elevated inflation and interest rate increases dominated market sentiment in the Euro Area. Tukey lowered its key lending rate in a bid to support the economy in the aftermath of the devastating earthquake.
Inflation reports from Germany and Italy showed inflation is likely to stay elevated for some time despite the easing of energy prices in recent months. Business climate continues to improve in France and Germany as the economy adjusts to higher prices but stable orders.
European markets closed down and natural gas prices drifted lower. The Euro Area business activities expanded at the fastest pace in nine months and Germany's economic sentiment improved for the fifth month in a row.
The Euro Area consumer confidence index improved for the fourth month in a row after energy prices eased. Russia's GDP contracted far less, avoiding dire predictions made at the onset of the Ukraine invasion.
European markets extended recent gains to close at fresh one-year highs after positive earnings supported market sentiment. Spain's inflation accelerated in January. Spain's trade deficit expanded and Italy swung to a deficit in 2022 after energy prices soared.
European markets extended one-year highs and the UK inflation edged lower in January. The Euro Area trade balance swung to deficit after imports rose faster than exports.
European benchmark indexes closed at one-year highs after recession worries eased and corporations reported mixed quarterly results. The Euro Area economic growth was reaffirmed and France's jobless rate dropped to a 14-year low.
