European markets hovered near record highs and bond yields advanced after interest rate cut expectations lifted indexes for the third consecutive week. 

European markets advanced more than 3% this week in hopes of rate cuts in the eurozone and the U.K. following the dovish guidance from the Bank of England.

European markets paused a 4-day rally, and benchmark indexes in Paris, London, and Frankfurt hovered near record highs. The Bank of England is expected to hold interest rates amid elevated food and service sector inflation. Resource stocks advanced after China's imports rose in April.

The eurozone jobless rate held steady at a record low for the third month in a row in March. France's industrial output declined in March due to a weakness in the manufacturing sector. The UK's service sector growth accelerated in April. 

European markets traded sideways amid rate uncertainties and ongoing weakness in the manufacturing sector. The euro held firm, and bond yields in the eurozone edged slightly lower.

The benchmark index in London advanced, while financial markets in Europe were closed to celebrate May Day. Bond yields held firm, and crude oil prices eased in London trading. 

Euro Area inflation held steady in April after the core rate of inflation declined for the ninth month in a row. GDP in the eurozone rose at a faster-than-anticipated pace in the first quarter after suffering a mild technical recession in the previous quarter.



The Euro Area economic sentiment indicator worsened after the outlook for manufacturing, retail, and construction activities weakened in April. Spain's consumer price index accelerated in April after food and energy prices rose at a faster pace than a year ago.

European markets extended weekly gains amid mixed corporate quarterly results. France's consumer confidence index edged lower in April. Eurozone household lending growth dropped to a nine-year low. 

European markets traded sideways as investors reviewed the latest batch of mixed corporate results. France's manufacturing confidence index hovered near its five-year average, and Germany's forward-looking consumer morale index slightly improved but stayed well below its long-term average. 

Market averages in Europe edged slightly higher after new doubts emerged about the number of interest rate cuts in the year. Mixed quarterly corporate earnings also capped market gains.

Private sector business activity in the eurozone improved for the fourth consecutive month and expanded for the second consecutive month due to sustained growth in the service sector. 

European markets rebounded after falling for three consecutive weeks in a row after tensions between Iran and Israel eased and crude oil prices turned lower from five-month highs.

European market indexes declined to six-week lows amid escalating tensions between Iran and Israel. Germany's producer price deflation extended to the ninth month in a row. The UK's retail sales held steady after the increase in fuel sales was offset by the weakness in sales in non-food stores. 



European markets edged higher as investors reacted to the latest batch of earnings and overlooked rising tensions in the Middle East. Passenger car registration in the EU declined, reflecting a shift in the timing of the Easter holidays. The European Union's current account surplus widened in March from a year ago.