The German market reversed its early losses in afternoon trading Wednesday, as market sentiment was lifted by upbeat data that U.K. manufacturing output rose for a third month, lifting the annual growth to a near 16-year high in July.
Crude for October delivery is trading at $74.17 per barrel, up $0.08 from the previous close, ahead of the weekly inventory report from the Energy Information Administration. December gold is adding $2.9 at $1262.2 an ounce.
In economic news, U.K. manufacturing output recorded an annual growth of 4.9% in July, bigger than the 4% growth seen in June, the Office for National Statistics said. The growth figure matched economists' expectations.
Meanwhile, in Germany, industrial production edged up 0.1% in July from June, the Federal Ministry of Economics and Technology said. Economists were looking for a 1% rise in July after recording a 0.6% fall in June.
After opening lower at 6,099, the DAX erased those losses in the afternoon session and is currently adding 0.41%.
Chemical firm K+S is rising 2.1% and utility E.ON is adding 1.1%. Deutsche Telekom and Fresenius Medical Care are rising 0.8% each.
Automakers Daimler and Bayerische Motoren Werke are adding 1.8% and 1.1%, respectively. Volkswagen is up 0.7%. However, truck maker MAN is down 0.4%.
The decliners are led by chipmaker Infineon Technologies, which is falling 1.7%, followed by steel manufacturer ThyssenKrupp, which is losing 1.4%.
Banking stocks continued the previous session's downtrend as concerns remained that the stress tests concluded on them did not adequately reveal their risky bonds and that they may need more capital. Commerzbank and Deutsche Bank are losing 0.9% each.
Elsewhere in Europe, the UK's FTSE 100 is adding 0.28% while the French CAC 40 is rising 0.57%.
Across Asia/Pacific, most major markets closed in the red. Australia's All Ordinaries lost 0.75%, China's Shanghai Composite Index slipped 0.11% and Japan's Nikkei 225 retreated 2.18%. However, India's BSE Sensex ended modestly higher by 0.12%.
In the U.S., futures point to a higher open on Wall Street. In the previous session, the Dow fell 1%, while the Nasdaq and the S&P 500 each declined 1.1%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.