European markets close lower, with eyes on Israel and Iran; rate repricing remains in focus
This was CNBC's live blog covering European markets.
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This was CNBC's live blog covering European markets.
A host of economists and monetary policymakers gathered in New York this week for the International Monetary Fund's Spring Meetings — including numerous decision-makers from the European Central Bank.
London-listed Hipgnosis Songs Fund, the music intellectual property investment company founded by Merck Mercuriadis and Nile Rodgers in 2018, announced Thursday its board has recommended a sale to music rights investor Concord — valuing the firm at $1.4 billion.
One of the International Monetary Fund's top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty.
Inflation in the U.K. eased to 3.2% from 3.4% in March, the Office for National Statistics said on Wednesday, but a set of higher-than-expected figures spurred investors to push back bets on the timing of the first Bank of England rate cut.
Flights to Israel are set to remain disrupted for months amid heightened tensions with Iran, while other routes may take longer as airlines skirt the volatile region.
Markets kept their cool on Monday amid a fast-moving and volatile geopolitical landscape in the Middle East — but the longer-term risk premium has likely risen, while oil prices remain on edge, analysts said.
LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said Friday, providing another sign of a return to sluggish economic growth this year.