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.
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.
