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German Unemployment Rises Less Than Expected

Germany's unemployment increased less than expected in May despite the economy entering a technical recession in the face of high inflation and tight monetary policy. The number of unemployed persons increased 9,000 in May, the Federal Labor Agency reported Wednesday. This followed an increase of 23,000 in April and 18,000 in March. Economists had forecast unemployment to increase 15,000.
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Capri Holdings Guides FY24 EPS Above Estimates - Update

Capri Holdings Guides FY24 EPS Above Estimates - Update

While reporting financial results for the fourth quarter on Wednesday, fashion luxury group Capri Holdings Ltd. (CPRI) initiated its earnings and revenue guidance for the first quarter and full-year 2024.
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France Inflation Softens To 13-Month Low, Q1 GDP Recovers As Estimated

France Inflation Softens To 13-Month Low, Q1 GDP Recovers As Estimated

The French consumer price inflation moderated more than expected to hit a 13-month low in May on food and energy prices, data released by the statistical office INSEE revealed Wednesday. The statistical office also confirmed that the second-largest economy recovered as previously estimated in the first quarter despite the weak domestic demand.
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Euro Weakens Amid Soft French Inflation Data

Euro Weakens Amid Soft French Inflation Data

The euro was lower against its major counterparts in the European session on Wednesday, after a data showed that French inflation slowed more than expected in May.
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New Zealand Business Confidence Improves In May: ANZ

New Zealand Business Confidence Improves In May: ANZ

Pessimism among New Zealand's businesses decreased sharply in May amid a rebound in several activity indicators though inflation worries persisted, survey data from the ANZ showed Wednesday. The business confidence index survey balance gained 13 points to -31.1 from from -43.8 in April, the ANZ New Zealand Business Outlook survey showed. Economists had forecast a score of 43.4.
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Sensex, Nifty Decline On Weak Global Cues

Sensex, Nifty Decline On Weak Global Cues

Indian shares followed global peers lower on Wednesday as Chinese manufacturing data disappointed and investors watched the latest developments surrounding the U.S. debt ceiling bill.
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European Shares Decline On Growth Concerns

European Shares Decline On Growth Concerns

European stocks were moving lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks.
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FTSE 100 Declines As Commodity Stocks Drag On Growth Concerns

FTSE 100 Declines As Commodity Stocks Drag On Growth Concerns

U.K. stocks traded lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks. Traders also watched the latest developments surrounding the U.S. debt ceiling bill. Anglo American, Glencore, BP Plc and Shell lost 1-2 percent after China reported a contraction in manufacturing activity in May.
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CAC 40 Slips As House Votes On US Debt Limit Bill

CAC 40 Slips As House Votes On US Debt Limit Bill

French stocks fell notably on Wednesday after data showed manufacturing activity in China contracted at a worse pace than in April, adding to doubts about China's post-Covid recovery.
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DAX Slips Ahead Of Consumer Inflation Data

DAX Slips Ahead Of Consumer Inflation Data

German stocks fell in cautious trade on Wednesday as caution prevailed ahead of a House of Representative's vote on the U.S. debt ceiling deal later in the day.
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Asian Shares Fall On China Growth Concerns

Asian Shares Fall On China Growth Concerns

Asian stocks slumped on Wednesday as China manufacturing data disappointed and caution crept in ahead of a vote in Congress to raise the U.S. debt ceiling.
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