European markets extended losses amid economic growth worries in the U.S. and China. Private sector activities in the Euro Area accelerated in August, driven by an upturn in service sector activities.
European markets lacked direction for the second day in a row after surging in the previous three weeks. Spain's registered unemployed count in August was the lowest in the month since 2008. Switzerland's GDP in the second quarter increased 1.8% from a year ago.
European markets struggled and traded around the flatline driven by the weakness in automobile and luxury stocks after China's manufacturing activities contracted for the fourth month in a row.
European markets advanced for the third consecutive week, and inflation in the region edged slowed to a three-year low. But the core rate of inflation stayed steady, suggesting a difficult road ahead for policymakers. The jobless rate eased in the eurozone and held steady in Germany.
The weakening inflation outlook in the Euro Area supported the case for a possible rate cut after the next policy meeting in September. The EU's passenger car registration edged slightly higher, and more buyers preferred hybrid cars.
Market indexes in the Euro Area traded higher ahead of the inflation reports later in the week. Semiconductor equipment makers were in focus ahead of Nvidia's quarterly results later today for clues regarding direction of spending by leading tech companies.
European markets lacked direction as investors reviewed the latest economic updates. Germany's second quarter GDP contracted as previously estimated, consumer morale worsened, and UK shop prices fell at the fastest pace in nearly three years.
European markets traded mixed after advancing three consecutive weeks. Investors are looking forward to the release of inflation data in the eurozone, Germany, and Spain later in the week.
European markets extended weekly gains for the second week in a row amid rate-cut optimism. The euro and the pound advanced against the U.S. dollar in the hopes that the U.S. Federal Reserve's monetary policy would remain less restrictive over the next several months.
The Euro Area private sector activities showed a surprising strength in August after the service sector continued to expand, overshadowing the two years of weakness in manufacturing.
European markets extended gains amid improving global market sentiment and growing speculation that the central banks in Europe and the U.S. are ready to lower rates. Sweden's Riksbank cut its policy rate by 25 basis points to 3.5%. The Swiss trade surplus shrank in July.
European markets retained an upward bias after indexes advanced for four days in a row. Defense stocks were under pressure from the worry that Germany may halve its Ukraine defense spending amid broad budget spending cuts.
European markets retained an upward bias for the third day in a row. The U.K.'s GDP growth in the second quarter slowed, and the increase in activities in the service sector overcame the decline in the manufacturing and construction sectors.
