International News
Europe close: Stocks fall on China data, pharma giants jump
European stocks were still in the red by the end of Wednesday, as even China’s easing of some Covid curbs failed to lift gloom over a probable continuation of interest rate hikes amid weak growth in the eurozone.
US mortgage applications fall 1.9%
US mortgage applications declined 1. 9% in the week ending 2 December, according to the Mortgage Bankers Association of America.
US pre-open: Futures point to losses amid recessionary fears
Wall Street futures were in the red ahead of the bell as market participants began to give up on the Federal Reserve's ability to engineer a soft landing.
China Nov exports, imports fall more than expected
China’s dollar-denominated exports in November fell a more than expected 8. 7% year on year to $296bn, compared with a decline of 0. 3 per cent in October, according to official data released on Wednesday.
Asia report: Markets fall as China data overshadows Covid rule easing
Most stock markets in Asia closed in the red on Wednesday, as disappointing trade data out of China overshadowed the announcement that some Covid-19 rules would be eased in the country.
German industrial production falls less than expected in October
German industrial production fell less than expected in October, according to figures released on Wednesday by Destatis.