Europe Movers: BASF, Commerzbank, H&M, PUMA, SMA Solar

BASF announced its plans to lower dividend payments over the next four years. Commerzbank estimated higher profit over the next three years. SMA Solar announced a companywide restructuring. H&M quarterly results fell short of expectations.

European Indexes Jump 1% Tracking Higher Global Markets

The Swiss National Bank lowered its lending rate for the third time in a row and said additional cuts are likely. The overall lending growth to households and non-financial corporations in the eurozone accelerated in August.

European Markets Turned Down, Sweden Lowered Rates and Spain's Producer Price Deflation Decelerated

Luxury stocks and vehicle markers advanced for the second consecutive day after China announced more stimulus measures. Rightmove's board rejected the revised offer from Australia's REA Group. Valmet, the Finnish engineering company, won a billion euro order from Brazil. 

European Markets Traded Higher Following China's Broad Stimulus Measures

European markets advanced after the People's Bank of China announced a broad range of economic stimulus measures to revive faltering economic growth and support weak property markets. 

Eurozone Business Activities Contracted for the Fourth Month, Stocks and Euro Edged Lower

Business activities in the European Union contracted for the fourth month in a row amid persistent weakness in the manufacturing sector. Germany's SDP narrowly won an election in the Brandenburg state.

European Markets Trimmed Weekly Gains, Mercedes-Benz Lowered Annual Outlook

European markets trimmed weekly gains after luxury goods and vehicle makers with significant exposure to China led the decliners. Germany's producer price inflation extended its yearlong decline in August, and the UK's retail sales accelerated after warmer weather boosted demand for food and apparel. 

BoE and Norges Bank Held Rates Steady, Passenger Car Registration Dropped 18% In August

European markets advanced after the Federal Reserve cut its lending rate range by 50 basis points. The Bank of England and the Norges Bank held steady their interest rate range. 

European Markets Lacked Direction, UK Inflation Held Steady at 2.2%

European markets struggled to advance and traded in a tight range ahead of rate decisions from major central banks. Consumer price inflation in the eurozone was confirmed, and in the UK it held steady at 2.2%.

European Markets Advanced Ahead of Rate Decisions, German Investor Morale Dropped to 11-Month Low

European markets advanced ahead of rate decisions from major central banks later in the week. German investor sentiment dropped to an 11-month low amid faltering economic recovery and growing problems in the automobile sector. 

Weak China Data Weigh On European Markets, Italy's Trade Surplus Jumps to 3-Year High

European markets struggled to advance as investors anticipated monetary policy decisions from several major central banks this week.

European Indexes Advanced and Bond Yields Eased, Industrial Output Weakness Extended to July

Benchmark indexes in France, Germany, and the UK extended weekly gains to 1% a day after the ECB lowered its key lending rates. France's consumer price inflation was revised lower in August, and the Euro Area industrial output extended weakness to the eighteenth month. 

ECB Lowers Rates Second Time as Inflation Slows

The European Central Bank lowered its key lending rates by 25 basis points and lowered its GDP growth estimates between 2024 and 2026. The ECB statement noted inflation is high partly because domestic wages are still rising at an elevated pace.

European Markets Jumped 1% Ahead of Widely Anticipated Rate Cut

European markets jumped around 1% ahead of the widely anticipated rate cut from the European Central Bank. The Bank of England watered down and delayed its banking overhaul for the second time in a year.

Cautious Optimism Prevailed In European Markets Ahead of ECB Rate Decisions

European markets lacked direction ahead of the release of monetary policy decisions and economic projections on Thursday. The UK's GDP stagnated for the second month in a row in July.

German Inflation Softened In August, UK Jobless Rate Eased to 4.1%

Germany's inflation in August was confirmed at 1.9%, and the U.K.'s wage growth and jobless rate matched market expectations.