European markets dropped and banks led losers after Italy imposed windfall tax on banks to finance tax cuts and support first time home buyers. Resource stocks declined after China's exports and imports weakened for the third month in a row.
European markets attempted a rebound and German industrial production unexpectedly declined on the weakness in automobile production. The UK home prices edged slightly lower but remained elevated in July.
European market indexes traded down amid growing worries of global economic slowdown and persistent elevated inflation. The Euro Are wholesale inflation was negative for the second month in a row. The Bank of England raised its key lending rate as expected.
European markets dropped as much as 2% after the U.S. credit rating was revised lower on the worries of rising debt load and the expectation of weakening economic outlook. the number of unemployed declined in Spain to the level last seen in 2008.
European markets struggled after investors debated the future interest rate path and depth of the economic slowdown. Unemployment was stable in the Euro Area in June and manufacturing activities remained weak the in currency union and in the U.K.
Eurozone GDP improved in the second quarter but overall growth remained subdued and Italy's economy contracted in the period. Core inflation in the Euro Are stayed above the overall inflation in July.
European markets traded down in cautious trading after the German economy stalled, the French economy accelerated and the Spanish economy slowed in the second half.
The European Central Bank lifted its lending rates by 25 basis points as widely expected. Market indexes advanced and the yields on European government bonds edged slightly higher.
European markets traded sideways and retained a downward bias as investors reviewed the latest batch of mixed earnings and awaited rate decisions from the Fed and the ECB.
European markets traded higher in cautious trading and German business confidence deteriorated for the third month in a row in July. Resource stocks advanced after Chinese leaders pledged to offer stimulus measures to revive the economy.
European markets were under pressure after weak business activities surveys in the Euro Area and Germany and Spanish election turmoil. The euro edged lower and the yields on European bonds edged slightly lower.
Stocks on European bourses struggled to advance in volatile trading after rallying for three days in a row. Currencies in the region edged higher after the dollar rebounded and bond yields traded up. Natural gas prices soared after record heat in the region drove up demand for electricity.
European markets attempted a rebound and the yields on government bonds edged higher. Crude oil extended weekly gains and the dollar index edged lower, edging higher the pounds, the euro and the Swiss franc.
European markets traded sideways as investors shifted focus to the release of corporate earnings. Market sentiment remained cautious despite optimism surrounding earnings because of economic growth worries and higher interest rates ahead.
