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DAX Declines On China Growth Concerns
German stocks traded lower on Wednesday after a private survey showed China's services activity expanded at the slowest pace in five months in June, adding to worries about a faltering post-pandemic recovery in the world's second-largest economy.
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Asian Shares Decline As China Growth Worries Mount
Asian stocks ended lower on Wednesday after new data showed China's economy continued to struggle in June.
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Singapore Dollar Falls To 2-day Low Against U.S. Dollar
The Singapore dollar weakened against the U.S. dollar in the late Asian session on Wednesday.
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European Economic News Preview: Eurozone Final PMI Data Due
Final composite and services Purchasing Managers' survey results from the euro area and other major European economic news are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial production for May. Economists forecast industrial output to fall 0.2 percent on month, in contrast to the 0.8 percent increase in April.
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European Shares To Drift Lower After Weak China Data
European stocks are set to open lower on Wednesday after a private survey showed growth in China's services industry slowed in June from the previous month, underscoring concerns over a tepid economic recovery in the world's second-largest economy.
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Sensex, Nifty Modestly Higher In Cautious Trade
Indian shares were seeing modest gains in cautious trade on Wednesday despite muted cues from global markets.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Wednesday, following the lack of cues from Wall Street overnight, as traders react negatively to the latest geopolitical tensions between the US and China. They are also somewhat hesitant to make significant moves due to persisting worries about global economic growth amid rising interest rates. Asian markets closed mixed on Tuesday.
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Sensex, Nifty Set For Flat Start On Muted Global Cues
Indian shares look set to open on a flat note Wednesday, tracking lackluster global cues. Stock-specific activity may be seen ahead of the start of Q1 earnings season.
Foreign institutional investors (FIIs) bought shares worth over Rs. 2,134 crore on Tuesday to extend their buying spree for the fifth consecutive session, while domestic institutional investors (DIIs) offloaded shares worth Rs. 785.48 crore, according to the NSE data.
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Japanese Market Notably Lower
The Japanese stock market is notably lower on Wednesday, extending the losses in the previous session, with the Nikkei 225 falling below the 33,300 level, following the lack of cues from Wall Street overnight, with traders reacting service activity data that showed the slowest growth in four months.
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Thai Stock Market Due For Consolidation On Wednesday
The Thai stock market has climbed higher in four straight sessions, gathering almost 50 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,515-point plateau although investors may cash in on Wednesday.
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China Services PMI Fades In June - Caixin
The services sector in Japan continued to expand in June, albeit at a slower pace, the latest survey from Caixin revealed on Wednesday with a services PMI score of 53.9.
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Australia Retail Sales Climb 0.7% In May
The value of retail sales in Australia was up a seasonally adjusted 0.7 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at A$35.524 billion.
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Australian Market Slightly Lower
The Australian stock market is slightly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying just below the 7,300 level, following the lack of cues from Wall Street overnight, with losses in gold miners and financial stocks.
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