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.
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.
