Eurozone inflation in January slowed after food and energy price inflation continued to ease. The jobless rate in the Euro held steady in December, and Germany and Spain reported the lowest and highest rates in the currency union, respectively.

France's inflation eased after food, energy, and manufactured product price increases softened. Italy's jobless rate dropped to a 16-year low. Swiss retail sales declined for the sixth month in a row in December.

The Eurozone economy avoided a technical recession, and growth stalled in the final quarter of 2023. The GDP growth rates in Germany and France, two leading economies in the region, slowed for the third year in a row as rising consumer prices and record interest rates weighed.

European Markets Rested, Swedish GDP Contracted

Jan 29, 2024
Bridgette Randall
Market indices in Europe were near two-year highs as investors turned their attention to the most recent earnings reports. The Bank of England and the U.S. Federal Reserve are widely expected to hold rates matching the rate action by the ECB in the previous week.

European markets advanced and bond yields edged lower after investors digested the European Central Bank's rate decision and hawkish commitment to keep rates restrictive as long as needed.

European markets struggled ahead of the release of interest rate decisions by the European Central Bank, and bond yields edged higher. Spain's producer price inflation declined for the 10th month in a row.

Positive earnings supported the market advance in Europe, and bond yields inched higher. Brent crude oil jumped amid elevated tensions in the Red Sea.

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European markets struggled around the flatline amid ongoing interest rate uncertainties and economic worries. The UK public sector borrowing declined in December but stayed elevated in the nine-month period to the month.

European markets gained, and investors awaited the interest rate decision and direction of future monetary policy on Thursday. Investors are divided about the prospect of earnings growth amid a weakening economic backdrop in the region.

European markets gained for the second day in a row and bond yields advanced. UK retail sales dropped the most in nearly three years in December, raising the prospect of a technical recession. The German producer prices declined for the sixth month in a row, largely because of a fall in energy prices.

European markets rebounded after falling for three days in a row. The eurozone current account surplus sharply widened in November after the international trade surplus swung to a surplus. Passenger car registration in the European Union advanced in 2023.

European policymakers pushed back hopes and timings of rate cuts, and China's economy expanded at the slowest pace in nearly three decades.

European markets declined after investors scaled back hopes of rate cuts in the near future. Resource stocks traded volatile amid rising tensions in the Middle East and growing attacks on merchant ships in the Red Sea.

The German economy battled multiple crises in 2023, and economic growth contracted because consumers and businesses struggled with high inflation and interest rates and weak external demand.



Airbus delivered more planes in 2023 after large orders from airlines in India powered the demand. Vistry Group said adjusted pre-tax income is likely to match the previous year's level.