European Markets Show Resilience Amid US Economic Data

European stock markets experienced a mostly positive closure on Wednesday, buoyed by lower-than-expected economic data from the United States. Investors are closely monitoring signs of a slowing US economy while anticipating upcoming earnings reports.

Key Performers Across Major Indices

The German DAX rose by 0.32%, with Deutsche Boerse leading the charge with a 3.73% increase. France's CAC 40 saw a 0.50% uplift, thanks to Edenred SA's notable 4.98% jump. The UK's FTSE 100 advanced by 0.37%, with Smith & Nephew at the forefront, gaining 5.82%. Meanwhile, the Euro Stoxx 50 remained unchanged.

Currency Movements

The euro weakened by 0.45% against the dollar, trading at $1.13344 by 5:33 pm CET. Similarly, the British pound decreased by 0.54%, standing at $1.33368.