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.
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.
