European stock market indexes struggled to advance for the second day in a row, and investors reacted to the fresh batch of earnings. Passenger car registrations declined for the second month in a row in September.
European markets struggled to advance after rising in the previous two consecutive weeks. Germany's producer prices fell for the 15th month in a row, driven by an ongoing decline in energy prices.
European markets advanced about 1% in the week after the ECB lowered its key lending rates for the third time in 2024 and signaled possible rate cuts in the future.
Nokia reiterated its annual earnings outlook. Nestle SA said nine-month sales declined from a year ago, partly because of foreign exchange headwinds. Nordea Bank launched a new stock buyback plan. Pernod Ricard said weak demand in China dragged down overall sales.
European markets advanced after the European Central Bank lowered its key lending rates by 25 basis points, as widely anticipated. Inflation in the currency union fell below the target rate of 2% for the first time in over three years.
European markets traded down amid rate anxieties compounded by weak results from LVM and ASML Holdings. The overall inflation in the UK edged lower in September, but the core rate of inflation eased at a slower pace.
European markets struggled to stay above the flatline after advancing for two days in a row. Germany's wholesale price deflation accelerated in September, and France's monthly consumer price inflation fell at the fastest pace since record-keeping began in 1990.
European markets lacked direction in Monday's trading as investor focus remained on earnings and upcoming rate decision. Investors are also looking forward to the release of key economic data and rate decisions.
European markets struggled to advance amid a lack of domestic catalyst. France's proposed fiscal budget estimates a 5% deficit and calls for a mix of spending cuts and new taxes.
Germany's nominal and real retail sales growth accelerated in August, driven by an increase in food and nonfood sales. Norway's consumer price inflation accelerated in September to 3.2%, the highest pace since May.
European markets struggled to advance for the second day in a row, and investors shifted their attentions to the rate path after the China stimulus rally faded.
The weakness in resource, luxury goods, and automobile stocks dragged down European indexes. Germany's industrial output rebounded, confirming a volatile trend over the last year. France's goods trade deficit widened amid the persistent deficit in energy and manufactured products.
European markets were under pressure after Germany's factory orders declined and the slight increase in the Euro Area retail sales. Higher bond yields also weighed on the market sentiment.
European markets are on track to extend weekly losses between 1% and 3% amid rising tensions in the Middle East. Crude oil prices rebounded 8% this week, stoking fears of resurgent inflation.
