- The Bank of England raised its benchmark interest rate to 5.25% despite a slowdown in consumer-price rises, leading to speculation about when the central bank will end its monetary tightening.
- House prices in Britain fell by 3.8% in July compared to the same month last year, the sharpest decline since July 2009, but the average house price was still higher than earlier this year.
- The Bank of Japan raised its cap on the yield of Japanese ten-year government bonds from 0.5% to 1%, causing the yield to soar to nine-year highs.
- Turkey's annual inflation rate increased to 47.8% in July, the first rise since October, due in part to a new tax on fuel.
- The euro area's economy grew by 0.3% in the second quarter, with much of the growth attributed to changes in intellectual property shifting by multinationals based in Ireland for tax purposes. Germany's GDP growth rate was zero, and Italy's fell by 0.3%.
European stocks rebounded and government bond yields rose again as oil prices firmed, despite smaller rate cuts by China than investors had expected, with hopes remaining for further stimulus.
German producer prices fell more than expected in July, marking their first decline in over two-and-a-half years, as easing energy prices raised hopes for a further decrease in inflation in Europe's largest economy.
The increasing cost of emitting CO2 in the EU is affecting the stock performance of firms, with high emitters seeing a decline in stock prices when carbon prices increase, reinforcing the effectiveness of climate policy.
European stock markets were higher, with technology stocks leading the pack, following gains in Asian markets and a rebound in U.S. stock futures, while bond yields continue to rise. French game publisher Ubisoft Entertainment also saw a 6% rise after Microsoft submitted a new deal for its takeover of Activision Blizzard.
Global stock markets and Wall Street futures are rising as traders await signals on interest rate plans from the Federal Reserve conference, with investors hoping that the Fed officials will signal an end to interest rate hikes despite concerns about inflation not being fully under control yet.
European markets retreated on Friday as traders assessed the future of monetary policy and expressed concerns about China's real estate sector, leading to a decline in stocks across various sectors and major bourses.
Summary: U.S. markets end mixed with Nasdaq up over 1% due to the surge in technology stocks, Asian markets show positive gains with Japan's Nikkei 225 rising 1.05%, and European markets are higher as the tech sector gains ahead of the U.S. Federal Reserve's Jackson Hole gathering, while crude oil prices decrease slightly.
European stock markets were higher, with health-care stocks leading gains, while autos stocks declined following grim PMI figures for Germany; investors are also focusing on earnings and central bank comments in the U.S.
The stock market is rising despite bad news, as interest rates lower and stabilizing rates are seen as positive signs.
European markets climbed on Thursday as a pullback in U.S. bond yields eased global borrowing costs, with tech stocks leading gains, while investors awaited comments from U.S. Federal Reserve Chairman Jerome Powell for insight into the path of interest rates.
European shares traded higher as traders considered the possibility of higher interest rates from the U.S. Federal Reserve and awaited upcoming economic data, while U.S. stocks opened higher and Asian stocks rallied due to a stock market policy change in China.
Stocks rise as markets shift focus from the Federal Reserve to corporate and economic reports, with the S&P 500 and Dow Jones Industrial Average both experiencing gains, while investors await upcoming economic data and inflation updates.
European stock markets are higher as investors await economic data and mining stocks lead gains. Toyota suspends operations in 12 assembly plants in Japan due to a system glitch, and an analyst recommends a global chipmaker with a cash advantage.
European stocks rose for a second day as investors awaited economic figures that could provide insights into global central bank policies, with miners and real estate leading advances in the Stoxx Europe 600 index and NN Group NV jumping more than 10% after beating analysts' expectations, while futures on the S&P 500 and Nasdaq 100 were fluctuating, suggesting US stocks may struggle to maintain Monday's gains.
European stock markets are expected to open higher following positive moves on Wall Street, as investors anticipate fresh economic data and a potential pause in interest rate hikes by the Federal Reserve.
European bonds and stocks fell as inflation data suggested that inflation in the euro region may not be fully subsiding, while utilities led the decline in the Stoxx Europe 600 and the German and Spanish inflation data complicated the outlook for European policy makers.
European markets are expected to open higher following UBS's strong quarterly results and positive economic data, while China's factory activity contracted and U.S. job growth slowed in August.
Markets show signs of slowing after new economic data, with focus on Friday's jobs report and the possibility of a pause on rate increases. Oil prices are impacted by Chinese factory activity and expectations of supply cuts.
World shares are on track for their biggest monthly drop since February, as China's factory sector remains in contraction and investors await key economic data from the U.S. and eurozone; meanwhile, oil prices are set for their largest monthly rise since January 2022.
European stock markets opened lower on Tuesday as the boost from Chinese stimulus measures faded, with construction and banking stocks experiencing the biggest falls, while Danish drug-maker Novo Nordisk became Europe's most valuable firm.
European stocks continue to decline due to weak German data and elevated oil prices, raising concerns about stagflation in the euro area.
European markets are set to open lower as investors await data releases and focus on economic data and interest rates, while global market sentiment has worsened; Asian markets were mostly lower and US stock futures were unchanged amid concerns over the Federal Reserve's interest rate policy; the British pound is lower after Bank of England Governor Andrew Bailey's comments on nearing peak rates; Goldman Sachs reveals its preferred sector in China and names two conviction list stocks; Boston Federal Reserve President Susan Collins says the central bank can proceed cautiously on future rate hikes; Morgan Stanley names a European bank as a top pick with 35% upside.
European stock markets weakened on Thursday due to signs of slowing growth in Europe and China, as well as concerns about future Federal Reserve tightening. German industrial production fell more than expected, adding to the struggles of the eurozone's largest economy. China's exports and imports also fell in August, indicating continued pressure on its manufacturing sector. Additionally, stronger-than-expected US inflation data raised concerns about sticky inflation. Oil prices fell as signs of slowing Chinese growth overshadowed a draw in US inventories.
European markets opened higher on Friday, looking to rebound after seven consecutive sessions of losses, as investors assess weak Chinese data, higher government bond yields, and renewed inflationary concerns in the U.S. despite German inflation easing to 6.4% in August.
European stock markets edged higher as investors digested positive French industrial production data, although major cash indices are on track to register losses for the week, and the pan-European benchmark index has experienced seven consecutive days of losses. French industrial production rebounded more than expected in July, while figures for Spain showed a smaller-than-expected decline. However, German industrial production fell more than expected in July, and economic growth in the eurozone for the second quarter was just 0.1%. Concerns about the strength of the Chinese and Japanese economies have also risen. The tech sector is under pressure due to Apple's difficulties in China, and oil prices have retreated but are still on course for gains this week.
Most stock markets in the Gulf rose in response to a rise in oil prices, except for the Saudi index which closed lower; however, the International Monetary Fund predicts a further slowdown in Saudi Arabia's GDP growth due to the extension of oil production cuts.
China's property shares are declining and tech shares are underperforming, leading to a slide in the Asian market, while the European market waits for monetary policy decisions from the ECB and the Bank of England.
Global shares rise as risk appetite increases, the yen jumps against the dollar, and signs of stabilization in the Chinese economy push up copper and oil prices.
The European Commission has revised down its economic forecast, citing high prices for goods and services as a significant factor, leading to reduced growth projections for the European Union and the eurozone. Germany is expected to experience a downturn, while inflation is projected to exceed the European Central Bank's target. Weak consumption, credit provisions, and natural disasters are also contributing to the loss of momentum in the economy. However, the report highlights the strength of the EU labor market with a low unemployment rate.
European stock markets traded mixed as investors analyzed UK jobs and Spanish inflation data ahead of the upcoming European Central Bank meeting, while oil prices rose amid anticipation of the monthly OPEC report and Chinese demand forecasts.
Global markets ended higher as energy stocks climbed supported by Saudi Arabia and Russia's decision to extend supply cuts, while Wall Street's key indexes saw weekly declines due to investor concerns over interest rates and anticipation of upcoming U.S. inflation data. In Asian markets, Japan's Nikkei 225 ended down, Australia's S&P/ASX 200 was up, and Chinese shares rose following improved data on consumer price inflation. The Eurozone's economic growth outlook has been downgraded by the European Commission, and crude oil prices fell.
Asian stock markets fell as Wall Street experienced a decline, with investors preparing for key US inflation data, and a spike in oil prices added to concerns about persistent price pressures and the interest rate outlook.
European markets were stagnant as investors awaited a decision from the European Central Bank on whether to raise interest rates for the tenth consecutive meeting, while carmaker shares dropped following an investigation into electric vehicle subsidies by the European Commission and concerns over Chinese retaliation. Additionally, the oil market is keeping a close eye on the possibility of crude prices reaching $100 a barrel as Saudi Arabia and Russia plan to extend production cuts until the end of 2023.
European and Asian stocks rally on hopes of central banks ending rate rises and positive data indicating a potential rebound in China's economy.
China's stock market has slumped due to worrying economic data including falling prices, missed expectations in retail sales and industrial production, and plunging real estate investment, leading analysts to express concerns about an impending downward spiral in the Chinese economy.
