- European bonds and stocks fell after the latest round of price data suggested that inflation in the eurozone may still be on the rise.
- Germany's 10-Yr yield increased by up to six basis points to 2.57% after data showed that inflation increased in four of six German states in August, ahead of figures for the German economy as a whole due later Wednesday. According to a separate report, Spanish inflation had also risen.
- The STOXX Europe 600 fell, with utilities underperforming, as Orsted fell more than 20% after the Danish power generator forecast potential impairments of up to $2.3 billion relating to its US portfolio.
- The German and Spanish inflation data have muddied the waters for European policymakers as they prepare to make a rate decision in September. The market expects the European Central Bank to raise interest rates by a quarter point to 4% next month. Data showing that Eurozone economic confidence slowed more than expected this month further clouded the outlook.
- PBoC has a draft document on supporting private sector economy - Yicai citing PBoC Official as saying in meeting with firms.
