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European Shares Decline On Growth Worries
European stocks were moving lower on Wednesday, with banks and miners leading losses on fears that central bank moves to fight inflation would spark a recession.
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FTSE 100 Drifts Lower Ahead Of US Inflation Data
U.K. stocks fell on Wednesday, with miners and financials leading losses ahead of key U.S. inflation data due later in the day.
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CAC 40 Slides On Inflation Worries
French stocks were moving lower on Wednesday after data showed French consumer price inflation accelerated to a new record high in June, as initially estimated.
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DAX Slides As Banks Drag
German stocks fell notably on Wednesday after the country's financial regulator warned that the sector is facing an uncertain future amid the energy dispute with Russia.
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Asian Shares Advance Ahead Of US Inflation Report
Asian stocks inched higher in cautious trade on Wednesday as investors awaited the release of a highly anticipated U.S. inflation report later in the day.
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Pound Higher As U.K. GDP Beats Estimates
The pound appreciated against its major rivals in the European session on Wednesday, after a data showed that the economy expanded faster than expected in May.
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UK Economy Recovers In May
The UK economy recovered in May with more holiday bookings and visits to doctors, data published by the Office for National Statistics showed Wednesday. Gross domestic product grew 0.5 percent from April, when output was down by revised 0.2 percent. Economists had forecast GDP to remain flat after April's initially estimated 0.3 percent fall.
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more news
Pound Climbs After U.K. GDP Data
At 2.00 am ET Wednesday, the Office for National Statistics has released the UK national accounts, industrial output and foreign trade figures. The pound advanced against its major rivals after the data.
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Pound Mixed Ahead Of U.K. GDP Data
At 2.00 am ET Wednesday, the Office for National Statistics releases the UK national accounts, industrial output and foreign trade figures. The economy is forecast to remain flat on month in May, following a 0.3 percent fall in April.
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New Zealand Central Bank Hikes Rate Further
The New Zealand central bank raised its interest rate for the sixth straight time and vowed to continue its tightening mode to bring inflation back to the target. The Monetary Policy Committee of the Reserve Bank of New Zealand on Wednesday decided to lift the Official Cash Rate to 2.50 percent from 2.00 percent, as widely expected.
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European Shares Set For Tepid Start Ahead Of US Inflation Data
European stocks may open slightly lower on Wednesday as COVID-19 concerns return to the fore.
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European Economics Preview: UK GDP, Foreign Trade Data Due
GDP estimates and foreign trade data from the UK and final inflation figures from Germany and France are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases the UK national accounts, industrial output and foreign trade figures.
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Sensex, Nifty Rise As Inflation Worries Ease
Indian shares eked out modest gains on Wednesday after Brent crude futures plunged $7 to settle below $100 a barrel for the first time in three months on Tuesday, helping ease worries around inflation and interest-rate hikes.
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