United States (US)-based employers announced 45,849 job cuts in June, down 53% from the 97,006 cuts registered in May, Challenger, Gray & Christmas' latest report showed on Wednesday.

The remarks from European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, released by Econostream during the European trade on Wednesday, have signaled that he is not in favor of further monetary policy tightening.

European Central Bank (ECB) Governing Council member Martin Kocher said in the European trade on Wednesday that the next monetary policy move by the central bank will either be a hold or a hike, citing that higher wages could keep inflationary pressures elevated.

United States MBA Mortgage Applications: 0% (June 26) vs previous 1%

TD Securities strategists discuss several US indicators, expecting the June ISM Manufacturing index to edge down, while noting that JOLTS job openings remain elevated but likely overstated.

Societe Generale strategists highlight that the HUF has delivered its strongest quarter since 2009, supported by a pro‑EU shift and expectations of renewed EU fund access. However, they warn that EUR/HUF is struggling to sustain breaks below 350 as fiscal risks emerge under PM Magyar.

United States Challenger Job Cuts: 45.849K (June) vs previous 97.006K

ING strategist Frantisek Taborsky notes Polish inflation fell to the National Bank of Poland’s 2.5% target, with broad price declines and stable core inflation. Markets have priced out hikes and begun to price cuts, which he says could pressure market rates and weaken the zloty.

United Kingdom NIESR GDP Estimate (3M) climbed from previous 0.8% to 0.933% in May

Greece Unemployment Rate (MoM) down to 8.1% in May from previous 9.5%

European Central Bank (ECB) Governing Council Member and President of the Deutsche Bundesbank, Joachim Nagel, said during the European trading session on Wednesday that the monetary policy path is still on the upside, citing upside inflation risks.

Commerzbank’s Tatha Ghose interprets Czech National Bank (CNB) deputy governor Eva Zamrazilova’s remarks as signalling that June’s 25 bp hike was a one-off fine-tuning move rather than the start of a new tightening cycle.

United Kingdom S&P Global Manufacturing PMI below forecasts (53.1) in June: Actual (52.5)

Italy Public Deficit/GDP rose from previous -1.4% to 7.8% in 1Q

Greece S&P Global Manufacturing PMI rose from previous 53.3 to 53.8 in June

Austria Unemployment Rate declined to 6.9% in June from previous 7.1%

Austria Unemployment fell from previous 301.7K to 295.5K in June

Commerzbank’s Tatha Ghose notes that weaker-than-expected Polish inflation has erased market expectations for 2026 rate hikes and could even revive rate cut discussions by Q4.

TradingKey - Impulsionado pelo boom contínuo nos investimentos globais em infraestrutura de IA, o comércio de exportação da Coreia do Sul alcançou um marco histórico em junho, com múltiplos indicadore

Spain HCOB Manufacturing PMI below forecasts (51) in June: Actual (49.7)

ING analysts Warren Patterson and Ewa Manthey note that ICE Brent ended the second quarter sharply lower as markets price a recovery in Persian Gulf supply and record US output.

Australia RBA Commodity Index SDR (YoY) climbed from previous 16.8% to 16.9% in June

Sweden Manufacturing PMI rose from previous 57.3 to 58.3 in June

Switzerland Real Retail Sales (YoY) above forecasts (0.8%) in May: Actual (3.5%)

Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said that intervention to prop up the yen two months ago was successful, and some US authorities voiced support, Bloomberg reported on Wednesday.

United Kingdom Nationwide Housing Prices s.a (MoM): 0% (June) vs -0.6%

United Kingdom Nationwide Housing Prices n.s.a (YoY) increased to 2.2% in June from previous 1.7%

Russia S&P Global Manufacturing PMI: 50.3 (June) vs 48.8

Asian markets are trading with mixed sentiment on Wednesday amid a global tech rally and as US-Iran talks hit new hurdles.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.30 in the early European trading hours on Wednesday.