European stocks were moving higher on Wednesday, as upbeat manufacturing and non-manufacturing data from China helped offset investor concerns over stubborn inflation and fears of further U.S. interest-rate hikes.
Closer home, the euro zone final manufacturing PMI for February came in at 48.5, matching the initial estimate. Separate data showed Germany's jobless rate held stable at low levels in February.
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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.