European stock markets opened higher as investors anticipate a 25-basis-point rate cut from the ECB, despite disappointing earnings from major companies like Deutsche Bank, which saw a 5% drop in shares after a profit miss. France’s economy contracted by 0.1% in Q4, highlighting ongoing fiscal challenges, while key growth data and consumer confidence figures are closely monitored across the euro zone.
about European markets rise ahead of ECB rate decision and earnings reportsHolly Ellyatt
0 posts last weekEuropean Markets React to Economic Forecasts and Corporate Earnings Reports
The Swedish Riksbank has cut interest rates by 25 basis points to 2.25%, citing limited inflation risk amid weak economic activity. Meanwhile, Volvo Group reported a decline in fourth-quarter operating profit but a 24% increase in net order intake, while Spain’s GDP grew by 0.8% in Q4 2024, surpassing expectations. In the luxury sector, LVMH’s shares fell nearly 5% despite better-than-expected revenues, reflecting ongoing pressures in key segments.
about European Markets React to Economic Forecasts and Corporate Earnings ReportsEuropean markets decline as U.S. jobs data impacts global sentiment
Mercedes-Benz reported a 5% increase in fourth-quarter sales from the previous quarter, though overall sales for 2024 fell by 4% to 2.4 million cars. Meanwhile, Ubisoft’s shares dropped 8% following the delay of its “Assassin’s Creed Shadows” game to March 20, and the British pound continued to decline amid rising government borrowing costs. European markets closed lower as U.S. job growth exceeded expectations, leading to a spike in Treasury yields and a drop in regional currencies.
about European markets decline as U.S. jobs data impacts global sentiment