UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
South Korea GDP Surges on Chip and AI Boom 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
UK House Prices Fall for First Time Since 2023 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
China to Inject $45 Billion Into State Financial Institutions 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
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European stocks remained flat in early trading Wednesday, as gains in healthcare were counterbalanced by a decline in technology stocks. The pan-European STOXX 600 index edged down 0.07% at 0810 GMT.
Novo Nordisk (NYSE:NVO) surged 4.5% after posting a better-than-expected Q4 profit of $4.4 billion, boosting the healthcare sector by 1.2%. GSK jumped 6.3% after beating Q4 earnings estimates and raising its 2031 sales forecast.
Technology stocks weighed on the market, dropping 0.9%. ASML (AS:ASML) slipped 1.3%, following a lukewarm earnings report from Advanced Micro Devices (NASDAQ:AMD).
The automobile sector also struggled, falling 1.1%. Renault (EPA:RENA) slid 2.6%, dragging the sector lower.
Investors also monitored key economic indicators, including HCOB’s final composite PMI data for January, covering the eurozone, Germany, and other major economies in the region.
With mixed earnings and economic data influencing sentiment, European markets remained in a tight range.
