European markets brace for higher rates from the Bank of England and the European Central Bank as policymakers focus on cooling inflation with the help of higher and restrictive interest rates.
The Euro Area avoided recession in the final quarter but economies in the currency block reported healthy economic growth in 2022 with Ireland leading the region. The IMF estimated the UK to face a mild contraction in 2023.
European markets traded lower ahead of the rate decision from the ECB later in the week. Germany's economy shrank in the final quarter but expanded in 2022 despite the challenges of supply chain and sky-high inflation.
The Euro Area M3 money supply growth slowed in December after credit growth to the private sector decelerated suggesting that the higher rates have begun to bite. Rolls Royce's newly appointed chief's tough talk stressed the urgency to transform the business and operations.
The euro retained upward bias and government bond yields inched lower despite the looming rate hikes in the region. UK's automobile production in 2022 dropped to lowest in 66 years on supply chain issues and structural changes.
European markets closed higher and the Euro Area sentiment improved on the hopes of the region's economy avoiding an economic recession on the falling natural gas prices.
European markets turned lower after hawkish talks from central bankers. Natural gas prices drifted lower on warm weather conditions and bond yields in the region stayed near recent lows.
European markets rested following the days of advance and after the release of December's elevated inflation data and caution as the earnings season gathers pace.
European markets hovered near 11-month highs and looked to China for additional growth. Resource stocks advanced on the hopes of higher demand for oil as business activities pick up in China and advanced economies.
European markets advanced on the hopes that the reopening of China, receding inflation in the U.S. and a sharp decline in natural gas prices in the region may arrest the weakening economic growth.
European markets extended weekly gains after industrial production rebounded and the trade deficit narrowed. Market sentiment also turned positive after the U.S. inflation cooled in December and China detailed property market support.
European markets extended gains after inflation moderated in the U.S. in December. Bond yields traded lower in the region and energy prices traded in a tight range. The euro, the pound and the Swiss franc advanced.
European investors bid up stocks on the hopes of a rebound in global business activities and moderating inflation in the region. Bond yields in the region continued to drift lower from the 11-year peak at the end of 2022.
