German inflation in July eased to 7.5% from a year ago and 0.9% on a monthly basis and matched the preliminary estimates. Strong corporate results also helped the market sentiment.

Market indexes in Europe eased after Ukraine and Russia traded accusations over the latest shelling of the largest nuclear power plant in Europe.

European markets closed higher and investor sentiment in the eurozone marginally improved but recession fears lingered. Swiss jobless rate held steady at 2%.

European markets struggled to stay in positive zone and Germany's industrial output expanded at a faster pace in June. Market sentiment in the region was subdued after the cautious outlook from the Bank of England.

European market indexes closed higher and the euro held firm. German factory orders fell less than feared in June. The Bank of England lifted its key lending rate and estimated a deeper and longer recession.

European markets traded lower in volatile trading on the worries that the rising tensions between China and the U.S. may flare up to a trade war.

Philips NV plunged after reporting a quarterly loss. Schaeffler agreed to acquire the former arm of SKF. Telefonica agreed to sell its rural network. Orange and MosMovil combine their Spanish operations. VW replaced its chief executive officer.



European Markets Rebound from Morning Losses

Jul 25, 2022
Bridgette Randall
European markets rebounded from early morning losses as investors shifted focus to a busy week of earnings. Germany's business confidence index dropped to a 25-month low.

European Markets Brave Weakening Growth Outlook

Jul 22, 2022
Bridgette Randall
European markets closed higher despite the private sector activities in the eurozone contracted for the first time in 15 months.

Prime Minister Mario Draghi offered his resignation after a coalition partner withdrew its support ahead of a no-confidence vote. Bond yields rose in the region and the euro fell below the U.S. dollar parity.

European markets traded down on twin worries of rising interest rates and global economic slowdown. Eurozone industrial production rose at a faster than anticipated rate and the UK GDP expanded in May.

European markets drop led by energy stocks after Russia suspended natural supply for 10 days. France laid out a plan to fully nationalize EDF.

European markets rallied after the U.S. Fed's tough talk on inflation and a large interest rate hike at the next policy meeting eased inflation worries. German industrial production growth slowed in May.

Oil complex stocks gained after natural gas prices rebounded after Norwegian oil and gas workers returned to work for now. France plans to nationalize its largest utility company as losses mount.



Anglo American lifted fiscal 2019 production forecast in Brazil after winning the regulatory approval for production expansion. Euronext intends to acquire Oslo stock exchange. Playtech declined after new Italian tax on gambling may reduce its fiscal operating profit.