European markets rebounded after wholesale inflation fell at a record pace in August following a sharp decline in energy prices from a year ago. The ECB President reiterated familiar hawkish stance to control inflation without revealing deadline.
European markets extended losses and the euro, the pound and the Swiss franc weakened against the U.S. dollar. The government bond yields of Germany, France and Italy traded at new 12-year highs.
The Euro Are jobless rate declined to the lowest level since record keeping began in 1995. Private manufacturing surveys highlighted persistent weakness in the manufacturing sector in the Euro Area and in the UK.
Market indexes in the Euro Area rebounded after inflation in the currency union eased to the level last seen in October 2021 on weakening energy prices and base effect.
Benchmark indexes in Europe turned lower amid twin fears of inflation and interest rates and looming global economic slowdown. Spain's consumer price inflation accelerated for the third month in a row on higher fuel prices.
European market indexes meandered amid interest rate uncertainties, elevated inflation and weakening consumer confidence. The euro, the pound and the Swiss franc declined as the U.S. dollar continued its climb for the eighth week in a row.
Rising bond yields began to overshadow stock market sentiment as investors suddenly shift to accept the narrative of higher interest rates stressed by policymakers for months.
European markets traded mixed on the final day of volatile week. Rate hike worries lifted bond yields to six-month highs and the euro and the pound declined to eight-week lows.
European markets dropped after central bankers in the U.S., Switzerland, Norway, Sweden and the U.K. held out for additional rate hikes citing elevated inflation.
European markets rebounded after Germany's wholesale inflation dropped at a record pace in August and consumer price inflation in the UK eased to the level last seen eighteen months ago.
European markets are on hold as investors await interest rate decisions from several banks this week. European bond yields edged higher and the yields on German bonds hovered near 6-month high. Brent crude traded at a 10-month high.
Investors in Europe awaited central bank decisions in Sweden, Switzerland, U.K., U.S., Japan and Norway. In cautious trading, bond market yields advanced and stock market indexes eased after a week of advance.
European markets advanced for the second day in a row after the European Central Bank signaled it may pause its aggressive rate hike campaign and evaluate the cumulative impact of ten interest rate hikes on the economy.
European markets lacked direction ahead of the rate decisions by the European Central Bank. Crude oil edged higher and the euro traded near a three-month low.
