U.K. retail sales unexpectedly rose in February as growing incomes and one of the warmest winter months on record encouraged consumers to spend on everything from sporting equipment to garden furniture.
Norway’s central bank raised its main interest rate for a second time since September as western Europe’s biggest oil exporter lets a rebound in crude prices steer monetary policy.
With a very dovish Federal Reserve and persistent chaos around Brexit, the stage is set for German 10-year bund yields to make a renewed assault on zero -- and all other European government bonds to follow in their wake.
Tencent Holdings Ltd. posted a quarterly profit that missed analysts’ estimates after it spent heavily on cloud and mobile payments businesses to offset a gaming slowdown.
The Swiss National Bank responded to the worldwide economic slowdown by keeping interest rates at rock bottom and cutting its inflation forecast.
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