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CAC 40 Rebounds As Italy Eases Stance On Windfall Tax

French stocks traded sharply higher on Wednesday, with banks rebounding from the previous session's losses after the Italian government clarified that the new windfall tax on banks would not amount to more than 0.1 percent of their assets.
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DAX Rallies As Banks Rebound

DAX Rallies As Banks Rebound

German stocks were sharply higher on Wednesday as banks recovered from steep losses in the previous session.
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China Slips Into Deflation In July

China Slips Into Deflation In July

China's consumer prices posted an annual decline for the first time since February 2021 largely reflecting a fall in food prices, and producer prices continued its downturn trend, official data revealed on Wednesday. Consumer prices declined 0.3 percent in July from a year ago after staying flat in June, the National Bureau of Statistics reported Wednesday.
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Asian Markets Track Global Markets Lower

Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, weighed down by concerns about the health of the US banking sector and broader economy after the downward revision in the ratings of ten smaller and midsize US banks by Moody's, with warning that six big banks might be downgraded as well.
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Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, giving up some of the gains in the previous three sessions, with the Nikkei 225 staying above the 32,300 level, following the broadly negative cues from global markets overnight, with weakness exporters and financial stocks partially offset by gains in technology stocks.
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Losses May Accelerate For Thai Stock Market

Losses May Accelerate For Thai Stock Market

The Thai stock market on Tuesday wrote a finish to the two-day winning streak in which it had picked up just 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,520-point plateau and it's expected to see continued selling pressure on Wednesday.
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