TODAY'S TOP STORIES

Industrial production from Germany and revised quarterly national accounts from the euro area are the top economic news due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production for October. Economists forecast output to fall 0.6 percent on month, offsetting the 0.6 percent increase in September.

European stocks are seen opening on a positive note Wednesday despite mounting concerns about a possible U.S. recession. As inflation hurts consumers and businesses, top U.S. banks have warned of recession and lower earnings in 2023. However, the depth and duration of the recession is unknown. Asian...

Stocks moved sharply lower during trading on Tuesday, extending the sell-off seen over the course of Monday's session. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq posting a particularly steep loss.

Meta Oversight Board calls for overhaul of controversial 'cross-check' system for VIPs

After ending the previous session sharply lower, stocks have shown another substantial move to the downside during trading on Tuesday. The major averages moved notably lower in early trading and have seen further downside over the course of the session.

Stocks have moved notably lower in morning trading on Tuesday, extending the sell-off seen over the course of the previous session. The major averages have all come under pressure, with the tech-heavy Nasdaq leading the way lower.

Reflecting a decrease in the value of exports and an increase in the value of imports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened in the month of October.

"Goblin mode" is the Oxford word of the year 2022. It was the first Oxford word of the year to be chosen by public vote. According to Oxford University Press, which publishes the Oxford English Dictionary, Goblin mode is a slang term, often used in the expressions "in goblin mode" or "to go goblin mode." It is "a type of behavior which is unapologetically self-indulgent, lazy, slovenly, or greed

Following the sell-off seen in the previous session, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by less than a tenth of a percent.

On a quiet of economic announcements, investors have their attention on the Commerce Department's U.S. trade deficit in October. Chinese President Xi Jinping will be in Saudi Arabia for a two-day visit starting on Thursday. After a heavy missile attack on Ukraine, Russia has suffered a drone attack...

The stage is set for two top class matches in the FIFA World Cup round of 16 Tuesday as Portugal take on Switzerland and Morocco meet Spain. The winners of these games will be the rivals in the quarter final stage. Morocco topped Group F with one of the best group stage campaigns at this World Cup by holding 2018 runners-up Croatia to a 0-0 draw, shocking European power house Belgium 2-0, and tr

The UK construction sector expanded for the third consecutive month in November, but there was a renewed slowdown in growth amid subdued demand and reduced risk appetite among clients, while rising interest rates and worries over the economic outlook hurt confidence, adding to signs that the economy is in recession. At 50.4, the construction Purchasing Managers' Index was down from 53.2 in October

Vaccine partners Pfizer Inc. and BioNTech SE are seeking emergency use authorization or EUA from the U.S. Food and Drug Administration to offer their bivalent COVID-19 vaccine to children 6 months through 4 years of age. If authorized, the vaccine would be part of a primary series for children in this age group.

Despite supply chain issues, Germany's manufacturing orders rebounded in October underpinned by robust foreign demand, data from Destatis revealed on Tuesday. Factory orders posted a monthly growth of 0.8 percent in October, in contrast to the revised 2.9 percent decrease in September. Orders were expected to gain marginally by 0.1 percent.

European stock markets are likely to open negative on Tuesday tracking losses in Asian peers and overnight losses on Wall Street.