European stocks advanced on Wednesday and bond yields rose, as investors awaited the release of November inflation data for the single-currency bloc for directional cues. Ahead of the ECB's interest-rate decision next month, ECB President Christine Lagarde said earlier this week that inflation in Europe hasn't reached its peak yet and it risks turning out even higher than currently expected.
Traders also await a speech by U.S. Federal Reserve Chair Jerome Powell later in the day for clues over the size of future rate hikes.
For comments and feedback contact: editorial@rttnews.com
Business News
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.