European markets turned lower after four-decade high inflation in the UK and Europe raised the prospect of economic slowdown and higher interest rates.
European market indexes extended gains on earnings optimism and the fall in energy prices. Natural gas prices dropped after demand dropped on mild weather conditions.
The UK government made another U-turn and watered down major parts of its mini-budget tax proposals and volatile Gilt jumped and the British pound edged higher as calls for leadership grew louder.
Danone has initiated the process of transferring its business control in Russia. Diageo plans to increase its stake in a brewery in Kenya. Temenos lowered its annual outlook. TomTom lifted its 2022 sales estimate.
European markets trimmed weekly gains after bond yields advanced on the hopes of higher rates. Hungary lifted rates after an emergency meeting to shore up falling Forint.
After a wild day of trading, European markets closed higher following the market volatility in New York. The pound and Gilt gained in choppy trading on reports that the government is likely to reverse its tax proposals.
European markets rebounded from morning lows and looked ahead to earnings season. Natural gas prices dropped to a 3-month low despite the rising geopolitical tensions in the region.
Credit Suisse plans to repay $3 billion of senior debt earlier. JD Wetherspoon narrowed pre-tax loss but struggled with rising debt load. Superdry said annual revenues and income improved.
Eurozone retail sales declined and German factory orders fell in August. U.K. debt rating cut after the government announced unfunded tax cuts and energy subsidies.
European markets rested after the best single day surge in six months. OPEC+ member nations agreed to limit daily production to shore up faltering energy prices.
Holcim completed its second acquisition in as many weeks as the company shifts its business mix and focus. Made.com Group commenced negotiations with potential suitors. RTL dropped its plan to sell a controlling stake in Metropole.
European markets extended gains for the second day in a row and bond yields eased. The euro and the pound rebounded on the hopes that the U.S. Federal Reserve may moderate future rate hikes after the latest job market data.
