International News
Europe close: Stocks, bonds and euro all lower
European shares extended losses on Wednesday, alongside a retreat in euro area government bond yields and for the single currency itself, as the heads of the US Federal Reserve, European Central Bank and Bank of England all sounded a somewhat hawkish note.
Powell says US economy in 'strong shape', validates expectations for Fed rate hikes
Federal Reserve chairman Jerome Powell believed his country's economy was in "strong shape" and that inflation could be brought back to target without undermining the solid jobs market.
US Q1 GDP growth revised a tad lower on slower consumption growth
The American economy shrank at a slightly faster than expected clip over the three months to March, as consumption slowed more than previously thought.
Eurozone sentiment falls in June
Sentiment across the Eurozone faltered in June, a closely-watched survey showed on Wednesday, as concerns about the economic outlook weighed heavily.
German CPI surprises to the downside thanks to government measures
Consumer price inflation in the euro area's largest economy surprised to the downside in June, but some economists expected the relief to be short-lived.
FTX CEO denies rumors of possible Robinhood takeover
The CEO of cryptocurrency exchange platform FTX, Sam Bankman-Fried, denied the rumor generated by information published by Bloomberg mentioning that the company is looking for opportunities to buy the popular Robinhood platform. He expressed that the company is not looking for any active merger or acquisition with the trading app.
US pre-open: Futures little changed ahead second last day of Q2 trading
Wall Street futures were little changed prior to the open on Q2's penultimate trading session.
Downside surprise now expected for German CPI in June thanks to one-off government measures
The cost of living in Germany is expected to surprise to the downside in May, but only because of government measures meant to dampen rising inflation.
Spanish CPI jumps past economists' forecasts in June
The cost of living in Spain grew at its fastest clip since the middle of 1985 in June, stoked by fuel prices and those for food and non-alcoholic beverages.
Euro area money supply growth data for May are a 'red alert', economist says
Lending to companies in the euro area picked up heartily last month, but for some economists the ongoing decline in so-called 'narrow money' was a "red flag" heralding a big drop in loans to the private sector over the next six to nine months.
Profits beat forecasts at H&M
Profits came in ahead of expectations at fashion giant Hennes & Mauritz on Wednesday, as shoppers returned to stores and strong demand saw more clothes sold at full price.
Berenberg initiates coverage of Just Eat Takeaway at 'sell'
Berenberg initiated coverage of Just Eat Takeaway on Wednesday with a ‘sell’ rating, saying that near-term trading will remain muted and the Grubhub sale will disappoint, sending shares in the food delivery company tumbling.
Asia report: Shares lower as Tuesday rally fades on inflation fears
Asian stock markets were lower on Wednesday after overnight losses on Wall Street as inflationary fears resurfaced and stoked the possibility of recession.