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.
European markets reversed morning losses to afternoon gains and closed higher. Crude oil jumped 5%. The British pound rebounded after the UK government abandoned its plan to lower tax on high earners facing severe criticism.
European markets closed the quarter with losses between 3% and 5% after the eurozone inflation accelerated for the fifth month in a row but jobless rate held stable.
The Bank of England conducted an emergency operation to stabilize the bond market and steady the decline in the British pound. The move is likely to provide only a temporary relief as the pound faces growing negative sentiment.
The euro dropped to a new low and the British pound plunged to a new 4-decade low. Italian bond yields rose and spread with German yields widened after the center-right coalition led the latest election results.
European markets accelerated declines as central banks intensify campaign to tame high inflation. Bond yields rose across the eurozone and in the U.K. on the rising deficit worries. Energy prices declined 3%.
European markets traded higher tracking the rise in U.S. indexes. Energy prices advanced on the rising tensions with Russia and natural gas prices stayed above 200 euro-mark. Germany following France nationalized its natural gas based electric utility company.
