European markets traded lower on the worries of higher rate and lingering economic recession worries. New car registrations in the EU rose for the tenth month in a row. UK consumer inflation stayed significantly elevated.
European markets traded lower for the second day in a row amid market jitters linked to higher rates and elevated inflation. Germany's producer price inflation declined for the eighth month in a row. Swiss trade surplus expanded to a 15-month high.
European markets turned lower after reaching record highs and setting milestones in the previous week's trading. Bond yields traded at 12-year highs and the euro and the pound traded at 14-month highs.
European markets extended weekly gains and bond yields remained elevated after the European Central Bank signaled additional rate hikes following the latest increase this week.
European markets traded lower on the worries of more rate hikes to follow. The European Central Bank hiked its key lending rates as expected and rates are expected to climb higher.
European markets traded sideways ahead of rate announcements this week from the European Central Bank and the U.S. Federal Reserve. Natural gas prices retreated after rallying in the previous week.
European markets edged lower after a volatile week and investors awaited rate decision next week. Inflation has cooled in recent months but prices are still rising at a faster pace than 2%, the level preferred by the European Central Bank.
European markets retained downward bias ahead of rate decisions next week. The eurozone economy dipped into technical recession after GDP shrank unexpectedly in the first quarter.
Investors adopted wait and see approach ahead of central bank actions next week. German industrial production rebounded and French trade deficit widened and UK home prices eased.
Germany's trade surplus widened in April after exports rose and imports fell. Eurozone business growth slowed in May and the service sector expanded at a slower pace in Italy and Spain. Crude oil advanced after Saudi Arabia announced additional production cuts.
Bond yields traded lower in the Euro Area and the U.S. dollar eased. French industrial production recovered in April and the number of registered unemployed people declined in May to the lowest level since 2008.
