Benchmark indexes in France, Germany, and the UK extended weekly gains to 1% a day after the ECB lowered its key lending rates. France's consumer price inflation was revised lower in August, and the Euro Area industrial output extended weakness to the eighteenth month.
The European Central Bank lowered its key lending rates by 25 basis points and lowered its GDP growth estimates between 2024 and 2026. The ECB statement noted inflation is high partly because domestic wages are still rising at an elevated pace.
European markets jumped around 1% ahead of the widely anticipated rate cut from the European Central Bank. The Bank of England watered down and delayed its banking overhaul for the second time in a year.
European markets lacked direction ahead of the release of monetary policy decisions and economic projections on Thursday. The UK's GDP stagnated for the second month in a row in July.
European markets rebounded from the previous week's decline of 3% and looked ahead to the expected interest rate cuts and inflation updates later in the week.
European markets struggled to advance for the fifth session in a row amid rate path worries and economic growth anxieties. The Euro Area second quarter GDP growth was revised slightly lower, and Germany's trade surplus dropped to a four-month low.
European markets lacked direction and hovered near two-week lows amid the global rate path and economic growth uncertainties. Retail sales in the eurozone declined in July from a year ago, but Germany's factory orders rose unexpectedly.
European markets extended losses amid economic growth worries in the U.S. and China. Private sector activities in the Euro Area accelerated in August, driven by an upturn in service sector activities.
European markets lacked direction for the second day in a row after surging in the previous three weeks. Spain's registered unemployed count in August was the lowest in the month since 2008. Switzerland's GDP in the second quarter increased 1.8% from a year ago.
European markets struggled and traded around the flatline driven by the weakness in automobile and luxury stocks after China's manufacturing activities contracted for the fourth month in a row.
European markets advanced for the third consecutive week, and inflation in the region edged slowed to a three-year low. But the core rate of inflation stayed steady, suggesting a difficult road ahead for policymakers. The jobless rate eased in the eurozone and held steady in Germany.
The weakening inflation outlook in the Euro Area supported the case for a possible rate cut after the next policy meeting in September. The EU's passenger car registration edged slightly higher, and more buyers preferred hybrid cars.
Market indexes in the Euro Area traded higher ahead of the inflation reports later in the week. Semiconductor equipment makers were in focus ahead of Nvidia's quarterly results later today for clues regarding direction of spending by leading tech companies.
European markets lacked direction as investors reviewed the latest economic updates. Germany's second quarter GDP contracted as previously estimated, consumer morale worsened, and UK shop prices fell at the fastest pace in nearly three years.
