- Due to China's economic problems, European equities and US equity futures recovered some of their losses, while bonds gained amid signals of decreasing inflation.

- The Stoxx Europe 600 index increased after falling to its lowest point in over two months. The largest laggards continued to be the China-exposed luxury goods producers LVMH and Richemont, while Swedish landlord SBB hit a record low when its CEO revealed that his holding company had delayed interest payments on a loan.

- Futures on the S&P 500 and Nasdaq 100 suggested a subdued day for US stocks after a Wall Street surge sputtered on Tuesday due to optimism over artificial intelligence. Bond yields decreased, while the dollar index increased for the first time in four days.

- The euro fell to its lowest level versus the dollar in two months after French inflation dropped more than forecast to its lowest level in a year. Data from Germany's states also suggested that inflation may be declining more swiftly than anticipated in the region's largest economy, which caused traders to reduce their bets on future hikes in interest rates from the European Central Bank. With the German 10-year yield falling by around 9 basis points, European bonds increased.

-  Traders pare bets on ECB hikes, no longer seeing 50bps this year.

-  ECB's Muller: It is very likely that the ECB will hike by 25 bps more than once.

- GOP Rep. McHenry: We have the votes to pass debt-limit bill today - CNBC