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European Shares Gain On China Optimism
European stocks were moving higher on Wednesday, as upbeat manufacturing and non-manufacturing data from China helped offset investor concerns over stubborn inflation and fears of further U.S. interest-rate hikes.
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FTSE 100 Gains As Miners Jump On China Optimism
U.K. stocks rose on Wednesday, led by gains in the mining sector after China's manufacturing activity surged to its highest reading in more than a decade.
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CAC 40 Edges Higher On Upbeat China Data
French stocks advanced on Wednesday as improved readings on China's manufacturing and non-manufacturing in February reflected the solid momentum of post reopening recovery.
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FDA Restricts Unlawful Import Of Xylazine
The U.S. Food and Drug Administration said it has taken steps to restrict unlawful imports of xylazine, an animal tranquilizer that has increasingly been found in illicit drugs, into the United States. With this, the Federal regulator aims to prevent the drug from entering the U.S. market for illicit purposes, while maintaining availability for legitimate use in animals.
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DAX Rises On China Data
German stocks opened higher on Wednesday as better-than-expected Chinese data helped investors shrug off recent concerns about inflation and interest-rate rises.
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Asian Shares Gain On Strong China Data
Asian stock rose broadly on Wednesday as strong manufacturing data from China helped offset investor concerns over stubborn inflation and fears of further U.S. interest-rate hikes.
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European Economic News Preview: Eurozone Final Factory PMI Data Due
Final factory Purchasing Managers' survey results from the euro area and the UK are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to fall 0.9 percent annually after rising 1.1 percent in January. In the meantime, Destatis is scheduled to issue Germany's labor market statistics for January.
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more news
China Manufacturing Sector Returns To Expansion Territory
China's manufacturing sector expanded for the first time in seven months in February, driven by the upturns in production and new orders, suggesting a strong rebound in the first quarter following the easing of pandemic related restrictions. At 51.6, the Caixin manufacturing Purchasing Managers' Index rose from 49.2 in the previous month, survey results from S&P Global showed.
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European Shares Poised For Steady Start On China Data
European stocks may open flat to slightly higher on Wednesday as investors cheer signs of expanding manufacturing activity in China.
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Sensex, Nifty Open Higher On Upbeat China Data
Indian shares opened on a positive note Wednesday, as investors reacted to mixed domestic economic data and upbeat factory activity data from China.
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Asian Markets Mostly Higher
Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as traders book some profits and seemed reluctant to make significant moves amid ongoing concerns about the outlook for interest rates. They await upcoming data that is expected to provide further clues about interest rates hikes. Asian markets closed mostly higher on Tuesday.
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Sensex, Nifty Seen Flat As Investors React To Mixed Macro Data
Indian shares may open on a sluggish note Wednesday as investors react to mixed economic readings on the domestic front.
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Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Wednesday, giving up the slight gains in the previous session, with the Nikkei 225 staying above the 27,400 level, following the broadly negative cues from Wall Street overnight, dragged by weakness in technology and financial stocks.
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