European stock market indexes lacked direction, and the euro and the pound remained under pressure amid growing possibilities of a trade confrontation with the U.S. Spain's jobless rate dropped to the lowest level in 17 years for January.
The possibilities of higher trade barriers for the EU's exports to the U.S. come at a critical time as the region is struggling to expand its economic activities and reeling under stiff competition from China.
Benchmark indexes in Germany and the UK hovered near record highs, and investors reviewed the latest batch of corporate updates. France's consumer inflation accelerated for the fourth month in a row, and Germany's jobless rate jumped to a multi-month high.
Stock market indexes in Europe extended a three-day rally ahead of the widely anticipated rate cut decisions. The eurozone economy unexpectedly stalled in the fourth quarter, following a weakness in France and Germany. Spain's inflation accelerated to a seven-month high in January.
European markets rebounded and trimmed weekly losses as investors shifted their focus away from geopolitical tensions to the latest batch of corporate results. Sweden lowered its policy rate for the fifth time in a row. Spain's fourth-quarter GDP growth surpassed expectations.
European markets struggled to stay above the flatline, and investors awaited rate decisions from major central banks. SAP revised higher its operating earnings outlook. Siemens Energy reported better-than-expected preliminary fiscal first quarter revenue.
Sharp losses in artificial intelligence-linked stocks dragged down broader averages across markets in Europe. Investors are gearing up for a busy earnings season this week.
Benchmark indexes in Frankfurt and London hovered near new record highs as investors reviewed the latest batch of mixed earnings and awaited rate decisions from the European Central Bank next week.
European markets extended weekly gains ahead of the widely expected rate cut decisions next week. The euro and the bond yields in the eurozone edged lower.
European markets struggled to advance amid cautious trading ahead of rate decisions by the European Central Bank and looming trade tensions with China and the U.S. Passenger car sales were flat in the European Union in 2024.
European markets were in a holding pattern in light trading as investors awaited the release of key earnings updates. The European Central Bank is widely anticipated to deliver its rate cut at the end of the policy meeting next week.
Benchmark indexes in Paris soared, driven by a surge in luxury stocks after Richemont SA reported a strong increase in quarterly sales. Italy's trade surplus in November after imports fell at a faster pace than exports.
Stock market indexes in Europe rebounded and bond yields halted increase after consumer price inflation in the U.K. unexpectedly slowed. Germany's GDP contracted for the second year in a row in 2024.
Stock market indexes in the eurozone attempted to rebound, the euro hovered near a two-year low, and bond yields approached multi-year highs amid ongoing political turmoil in France and Germany.
