European markets advanced following better-than-expected quarterly results from Adidas, LVMH, and Rio Tinto. The euro edged lower, and the bond yields in the eurozone held steady.
Rising tensions in the Middle East and the growing prospect of a wider war in the region soured the market sentiment in European stock trading. The Euro Area's trade surplus soared in February after energy imports fell and machinery exports rose.
European stock market indexes advanced, the euro held firm, and the bond yield edged slightly higher after tensions in the Middle East rose amid rising prospects of a wider war in the region.
European stock market indexes advanced on the expectation of an interest rate cut in June. The final estimate of consumer price inflation in March in France and Germany confirmed the weakening price trend.
The European Central Bank is widely anticipated to hold its policy rates steady and lay the groundwork for possible rate cuts later in the year. Higher commodity prices and spillover effects from the delayed U.S. rate cut may sway policymakers into postponing rate cuts in the Euro Area.
European markets extended weekly losses after investors adjusted their rate-cut expectations. Eurozone retail sales declined for the 17th month in a row as consumers battled elevated interest rates and a high cost of living.
Producer prices in the Euro Area declined for the tenth month in a row after energy prices fell from a high base. Private sector activities expanded for the first time in ten months after the strength in the service sector overshadowed the ongoing weakness in the manufacturing sector.
Overall inflation in the eurozone unexpectedly eased in March, but service inflation held steady at an elevated pace. The jobless rate in the currency union fell to a record low in February, and the youth jobless rate held steady for the fourth month in a row.
European stock markets hovered below record highs after investors returned from the Easter holiday break. Inflation expectations moderated in the eurozone. The UK home price gain accelerated in March.
German retail sales declined for the fourth month in a row after consumers retrenched to basics following high inflation and elevated borrowing costs. The UK's economy barely grew in 2023 after contracting in two quarters in a row.
European markets edged higher, and indexes in Frankfurt and Paris traded in record territory. Spain's consumer inflation accelerated in February due to rising fuel and electricity costs. Sweden holds rates, lowers the inflation outlook, and lifts economic growth projections.
European markets edged higher in cautious trading, and Spain confirmed its GDP accelerated in the fourth quarter. Investors are looking forward to the release of inflation updates from France and Italy later in the week.
