The euro area manufacturing activity continued to grow in June as production expanded moderately and cost pressures softened but supply conditions remained a challenge, final survey data from S&P Global showed Wednesday. The final manufacturing Purchasing Managers' Index dropped to a four-month low of 51.4 in June, down from 51.6 in the previous month. The score was slightly above the flash estim

UK house prices remained flat in June as uncertainty caused by the war in the Middle East and the subsequent rise in fuel prices and market interest rates weighed on the property market, data from Nationwide Housing Society showed Wednesday. House prices posted a flat growth in June following a fall of 0.6 percent in May. Prices were forecast to rise 0.1 percent.

China's manufacturing activity logged a robust growth in June, completing the strongest quarter since the fourth quarter of 2020, survey data released by S&P Global showed Wednesday. The RatingDog China manufacturing Purchasing Managers' Index posted 51.7 in June, down from 51.8 in May. Although the score fell to a three-month low in June, it remained above the long-run survey trend of 50.8.

A report released by the Conference Board on Tuesday showed a modest increase by its U.S. consumer confidence index in the month of June. The Conference Board said its consumer confidence index inched up to 91.2 in June from a downwardly revised 90.6 in May. Economists had expected the consumer confidence index to rise to 94.8 from the 93.1 originally reported for the previous month.

After reporting a spike by its reading on Chicago-area business activity in the previous month, MNI Indicators released a report on Tuesday showing its Chicago business barometer gave back ground in the month of June. MNI Indicators said its Chicago business barometer slid to 56.7 in June after skyrocketing to a four-year high of 62.7 in May, although a reading above 50 still indicates growth.

Germany's inflation eased for the second straight month in June as the pace of increase in energy prices slowed, flash data from Destatis showed Tuesday. Consumer price inflation dropped to a four-month low of 2.3 percent in June from May's 2.6 percent. Economists had forecast annual inflation to remain unchanged at 2.6 percent.

The Japanese yen weakened against other major currencies in the Asian session on Tuesday, amid growing risks of intervention in the foreign exchange market of Japan.

Germany's unemployment declined unexpectedly in June and the jobless rate remained unchanged, official data showed Tuesday. The number of people out of work decreased 1,000 in June after falling 12,000 in May, the Federal Employment Agency reported. Economists had forecast an increase of 7,000.

France's consumer price inflation slowed more than expected in June due to the sharp slowdown in prices of energy, provisional data from the statistical office INSEE showed Tuesday. The consumer price index posted an annual increase of 1.8 percent in June, following May's 2.4 percent rise. Prices were forecast to grow 2.1 percent.

Eurozone economic confidence improved more than expected in June as tensions in the Middle East eased, survey data from the European Commission showed Monday. The economic sentiment index rose to 95.0 in June from 93.7 in the previous month. The score was forecast to improve to 94.3. The upturn in the economic confidence was driven by higher confidence in almost all sectors.

The U.S. Dollar extended gains during the week ended June 26 as strong rate hike bets from the Federal Reserve boosted the greenback.

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. rebounded by slightly more than previously estimated in the month of June.

UK car production grew for the first time this year in May, driven primarily by increased orders from the United States, the Society of Motor Manufacturers and Traders, or SMMT, said Thursday. Car production increased 3.2 percent in May, reversing four months of decline. Meanwhile, commercial vehicle output fell 7.6 percent.

German consumer sentiment is set to improve in July driven by the moderate rise in income and economic expectations, latest results of the NIM Consumer Climate powered by GfK showed Thursday. The consumer sentiment index rose to -29.2 in July from -29.7 in the previous month. However, the reading was weaker than economists' forecast of -27.8.

Consumer sentiment survey results from Germany and France are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK is scheduled to issue Germany's consumer confidence survey results. The forward-looking consumer sentiment index is seen rising to -27.8 in July from -29.8 in June.

German business sentiment improved in June as firms perceived the current business environment as less uncertain following the signing of the US-Iran peace deal, survey results from the ifo Institute showed Wednesday. The business climate index rose to a three-month high of 85.6 in June, as expected, from 85.0 in the previous month.

The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday, after the crude oil prices have moved lower following active shipping movements across the Strait of Hormuz since its reopening, which eased supply disruption concerns.

Australia's consumer price inflation eased in May on cooling fuel prices but core inflation strengthened further and remained above the central bank target, adding chances of an interest rate hike. Consumer prices increased 4.0 percent on a yearly basis in May, slower than the 4.2 percent rise in April, the Australian Bureau of Statistics reported Wednesday.

The UK private sector contracted for the second straight month in June due to the sustained weakness in the services sector, flash results of the purchasing managers' survey by S&P Global showed Tuesday. The flash composite output index dropped to a 14-month low of 49.4 in June from 49.7 in the previous month.

The euro area private sector contracted at a slower pace in June as services activity posted a slower fall while manufacturing output continued to grow moderately, flash survey results from S&P Global showed Tuesday. The flash composite output index registered 49.5 in June, up from 48.5 in the previous month. The score was above economists' forecast of 49.1.

The U.S. dollar strengthened against most major currencies in the European session on Tuesday, as traders focus on the Federal Reserve's (Fed) probable intention to maintain higher interest rates for a longer period of time.

The antipodean currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian stock markets traded lower amid continued uncertainty about the progress in the ongoing peace talks to end the Middle East war and the related complete opening of the Strait of Hormuz. Meanwhile, the US granted Iran a 60-day license to sell oil on global markets, boosting expectations for a faster recovery in crude oil supply.

Europe's new car registrations increased in May despite persistent geopolitical headwinds weighing on outlook, the European Automobile Manufacturers' Association, or ACEA, said Tuesday. New car registrations grew 3.2 percent on a yearly basis in May but slower than the 5.1 percent rise in April and 12.5 percent surge in March.

Japan's private sector activity grew the most in three months in June, underpinned by faster increase in manufacturing output and a renewed upturn in services activity, flash survey data compiled by S&P Global showed Tuesday. The flash composite output index rose to 52.5 in May from 51.1 in the previous month. A score above 50.0 indicates expansion.

The British pound strengthened against other major currencies in the European session on Monday, after Sir Keir Starmer, the leader of the Labour Party and prime minister of the United Kingdom announced his resignation.