European stocks look set to open mostly higher on Wednesday, though the upside may remain capped due to escalating tensions in Gaza and ahead of a meeting between U.S. President Joe Biden and his Chinese counterpart Xi Jinping on the sidelines of the 21-member APEC summit in San Francisco.
Meanwhile, the U.S. House of Representatives passed a stopgap bill Tuesday to keep the government open, putting Congress on a path to avert a shutdown.
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.