European markets extended losses for the fourth day in a row after the latest inflation data underscored the urgency of higher rates at the next meeting of central bankers. Natural gas prices plunged 9%.
European markets begin to adjust to higher rates for a longer duration after central bankers mounted a campaign for rate hikes this week. Germany's annual inflation rate increased to 7.9%, reaching to a record high level.
Germany's GDP growth slowed sharply in the second quarter but still showed an expansion despite the loss of Russian markets, supply chain issues and elevated energy and labor costs.
Benchmark indexes declined for the third day in the euro zone after private sector contracted for the second month and higher rate worries gripped the market.
European markets closed down as investors shake-off rate optimism. The U.S. Fed's minutes of meeting suggested that the sustained rate hikes are likely to continue in the coming months. Also, Germany's wholesale inflation soared in July.
European markets closed down and inflation in the U.K. accelerated to a record four-decade high in July. The GDP growth slowed in the euro area in the second quarter.
European markets closed higher investors looked beyond the weak economic data in the region. Real wages declined in the U.K. and the economic sentiment in the region remained weak.
European markets closed higher after a choppy session. Energy prices declined in the region after weak economic data from China. Germany's wholesale price index declined for the third month in a row in July but remained elevated.
European markets retained a positive bias despite a mixed bag of corporate results. Turkey's current account deficit narrowed. U.K. home price increase expectations moderated but stayed significantly ahead of its long run average.
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.
