Shares of Roche Holding AG were losing around 3 percent in Switzerland after the drug major reported weak sales in its first quarter and confirmed fiscal 2024 outlook. Excluding COVID-19-related products, quarterly sales increasedy 7 percent. For fiscal 2024, Roche continues to expect an increase in group sales in the mid single digit range at constant exchange rates.

European stocks traded higher on Wednesday, though the upside remained capped after an ECB policymaker said that a possible June rate cut might not be followed by more.

U.K. stocks hit a fresh record high on Wednesday, though overall gains remained capped ahead of earnings results from megacap U.S. tech and growth companies.

French stocks edged up slightly in cautious trade on Wednesday as investors looked forward to earnings reports from some of the biggest technology and growth companies in the U.S.

German stocks traded higher on Wednesday after survey data from the ifo Institute showed business sentiment in the country improved in April.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dollar Pullback from Overbought Territory Boosts Appeal

Stocks feeling more positive following the US PMI miss; Busy earnings calendar as focus remains on US data prints; Dollar/yen remains a tad below 155 ahead of the BoJ meeting; Aussie benefits from stronger CPI report

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Altcoins upbeat, Bitcoin hesitant to breakout

U.S. markets experienced significant gains, with both the Nasdaq and S&P 500 closing up over 1% on impending earnings reports from tech giants.

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia.