Eurozone economy expanded at a faster pace in the second quarter than previously estimated and the industrial production decline in Germany accelerated more in July.
Benchmark indexes rebounded from morning losses. Germany's factory orders fell in July. British pound set to extend losses as political uncertainties adds to deepening economic slowdown.
Zurich Insurance plans to exercise its option to repay its bonds earlier. Countryside Partnership agreed to merge with Vistry Group. Volkswagen to discuss its Porsche public offering plan.
European markets declined on the rising prospects of economic recession, escalating energy prices and weakening currencies. Natural gas prices soared as much as 20%.
Indexes across Europe accelerated gains after the release of U.S. jobs report lifted hopes of slower pace of rate increase. Higher energy prices continue to drive wholesale prices higher in the eurozone.
European markets extended losses for the fourth day in a row after the latest inflation data underscored the urgency of higher rates at the next meeting of central bankers. Natural gas prices plunged 9%.
European markets begin to adjust to higher rates for a longer duration after central bankers mounted a campaign for rate hikes this week. Germany's annual inflation rate increased to 7.9%, reaching to a record high level.
Germany's GDP growth slowed sharply in the second quarter but still showed an expansion despite the loss of Russian markets, supply chain issues and elevated energy and labor costs.
Benchmark indexes declined for the third day in the euro zone after private sector contracted for the second month and higher rate worries gripped the market.
European markets closed down as investors shake-off rate optimism. The U.S. Fed's minutes of meeting suggested that the sustained rate hikes are likely to continue in the coming months. Also, Germany's wholesale inflation soared in July.
