European stocks were slightly higher on Wednesday amid bets of global interest rates peaking.
Investors shrugged off data from Destatis showing that German factory orders decreased for the first time in three months, mainly due to weaker demand for machinery and equipment.
Factory orders dropped 3.7 percent month-on-month in October, reversing the 0.7 percent increase in September.
The euro was in a defensive mode while Euro zone government bond yields hit multi-month lows after ECB official Isabel Schnabel told Reuters further interest rate hikes are "rather unlikely".
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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.