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| Version 1 | Version 2 |
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| The Latest: Eurozone markets stay higher after growth report | |
| (about 1 hour later) | |
| LONDON — The latest on the turmoil afflicting global financial markets (all times local): | LONDON — The latest on the turmoil afflicting global financial markets (all times local): |
| 10:20 a.m. | |
| Official figures have confirmed that the 19-country eurozone’s economy grew 0.3 percent in the final quarter of 2015 compared with the previous three-month period. | |
| The figure was in line with expectations, and European markets remained higher after its release. | |
| The growth is, however, relatively weak considering the region has been benefiting from low energy costs, an export-boosting drop in the euro’s value and monetary stimulus from the central bank. | |
| The figure also suggests the bloc may be somewhat vulnerable to shocks in 2016, particularly the turmoil that has engulfed global financial markets. | |
| ___ | |
| 9:30 a.m. | 9:30 a.m. |
| The main economic release Friday is the first estimate of fourth-quarter economic growth across the 19-country eurozone. | The main economic release Friday is the first estimate of fourth-quarter economic growth across the 19-country eurozone. |
| Following a flurry of releases, including news that Germany expanded by a quarterly rate of 0.3 percent, there is a growing consensus that the eurozone also grew at the same 0.3 percent tick. | Following a flurry of releases, including news that Germany expanded by a quarterly rate of 0.3 percent, there is a growing consensus that the eurozone also grew at the same 0.3 percent tick. |
| The recent turmoil in global financial markets has raised fears that growth will falter this year. | The recent turmoil in global financial markets has raised fears that growth will falter this year. |
| Jonathan Loynes, chief European economist at Capital Economics, says the downside risks have increased and as a result he thinks the European Central Bank will back “further decisive policy support” at its March meeting. | Jonathan Loynes, chief European economist at Capital Economics, says the downside risks have increased and as a result he thinks the European Central Bank will back “further decisive policy support” at its March meeting. |
| ___ | ___ |
| 8:20 a.m. | 8:20 a.m. |
| European stock markets have opened higher following a rebound in the price of oil and despite another slide in Japan’s main stock index. | European stock markets have opened higher following a rebound in the price of oil and despite another slide in Japan’s main stock index. |
| Soon after the open, the FTSE 100 index of leading British shares was up 1 percent at 5,591 while the CAC-40 in France rose 1.6 percent to 3,960. | Soon after the open, the FTSE 100 index of leading British shares was up 1 percent at 5,591 while the CAC-40 in France rose 1.6 percent to 3,960. |
| The increases, seen across Europe, come at the end of what’s been a tumultuous week in financial markets with investors fretting over the scale of the global economic slowdown and the ability of banks to weather the storm. Those concerns still weighed heavily Friday on Japan’s Nikkei index, which fell 4.8 percent. | The increases, seen across Europe, come at the end of what’s been a tumultuous week in financial markets with investors fretting over the scale of the global economic slowdown and the ability of banks to weather the storm. Those concerns still weighed heavily Friday on Japan’s Nikkei index, which fell 4.8 percent. |
| One reason why sentiment has improved in Europe is that oil prices bounced back from 13-year lows. A barrel of benchmark New York crude was up 3 percent at $27. | One reason why sentiment has improved in Europe is that oil prices bounced back from 13-year lows. A barrel of benchmark New York crude was up 3 percent at $27. |
| Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. | Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |