The Eurozone's GDP in the second quarter accelerated from the previous quarter, and industrial output declined from a year ago in June. Consumer price inflation in the UK edged up in July.
Hannover Re reiterated its annual outlook. Munich Re reported higher sales and earnings in the second quarter. China-linked luxury stocks struggled amid a weak and unevenly fragile Chinese economic recovery and a protracted property market slump.
European market indexes struggled to advance after a week of wild gyrations in global markets. Hannover Re and Munch Re reported better-than-expected financial results.
European markets closed higher after a turbulent week of trading and a batch of mixed corporate earnings. France's jobless rate dropped in the second quarter, and Norway's consumer price inflation accelerated in July.
European stocks reacted to domestic corporate results in the absence of economic news. Global markets calmed down after a week of jittery trading, and investors shifted their focus to the rate path in the eurozone.
European market indexes traded higher and overcame global worries after market sentiment stabilized. The bond yields in the region traded near a six-month low, and the euro and the pound edged slightly higher.
European markets hovered near the flatline and traded near six-month lows amid a mix of rising tensions in the Middle East, less-than-inspiring corporate earnings growth, and U.S. economic slowdown worries.
European markets continued their decline for the second day on Monday amid growing worries about the U.S. economy's strength. Market sentiment deteriorated after the eurozone economy stalled in July, as weak domestic demand overshadowed relative strength in exports.
European markets extended weekly losses amid worries of domestic economic stagnation, a weakening economic backdrop in the U.S., and persistent deflation worries in China.
BMW guided a cautious annual earnings outlook due to the ongoing demand weakness in China. Rolls Royce reported higher profit, raised its annual income outlook, and planned to reinstate dividends. Arcelor Mittal reported a sharp decline in second-quarter earnings.
Positive earnings announcements lifted market sentiment in Europe, and benchmark indexes rebounded. Consumer price inflation in the eurozone accelerated after elevated service inflation contributed to overall inflation.
The Euro Area GDP growth rate in the second quarter matched the first quarter, and Spain led the region with an increase of 2.9%. German GDP contracted by 0.1%.
European markets advanced as investors awaited the monetary policy decisions from major central banks in the U.S., the U.K., and Japan. Bond yields in Germany, France, and Italy dropped to a four-month low.
European markets extended weekly gains as investors reviewed the latest quarterly results from Hermes, EssilorLuxottica, Babcock International, and Mercedes Benz.
