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.

Balfour Beatty forecasted profits may beat expectations. LVMH agreed to acquire luxury hotels operator Belmond for $3.2 billion. Scout24 explore to take it private. SThree forecasted gross profit to jump 12%.