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 Frankfurt and London advanced to new record highs amid rate cut optimism and extended weekly gains to over 3%.

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.

European market indexes resumed their declines amid rising bond yields, rate path uncertainties, and a sluggish economic outlook.

Bond yields in the eurozone and the UK continued to approach multi-year highs amid weakening economic outlook, persistent political turmoil, and rising costs linked to he Ukraine war.

The Euro Area retail sales struggled to advance in November amid high costs of living and elevated interest rates. Germany's trade surplus shrank after exports fell more than imports.

Bond yields in Europe advanced, and the euro hovered near a multi-year low amid uncertainties related to the rate path and weak domestic economic growth outlook.

The Euro Area inflation rebounded in December, after energy prices halted steep decline and food prices stabilized. The UK's home price index rose at a slower pace amid affordability issues. Italy's jobless rate dropped to a record low in December. 

European markets rebounded from Friday's losses after business activities improved in December. The business activities index advanced in December at the fastest pace since March 2023, and the downturn in Italy moderated to a slight contraction. Germany's 10-year bond yield rose and approached a six-month level.



European markets struggled to advance in 2024 amid rising political turmoil in Germany and France, a weakening economic backdrop, and looming trade tensions with the U.S. and China, two key trading partners.