European stocks were seeing modest gains on Wednesday, as investors digested mixed manufacturing data from China and awaited interest-rate decisions from the Federal Reserve, the European Central Bank and the Bank of England for directional cues.
Meanwhile, Eurozone manufacturing PMI has been finalized at 48.8 in January, a five-month high and up from December's 47.8.
Separate data published by the British Retail Consortium showed that U.K. shop price inflation hit a record high in January as retailers offered fewer discounts amid rising input costs,
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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.