Federal Reserve Governor Michael Barr said on Tuesday that higher import levies will likely put upward pressure on prices that may not be temporary, suggesting he is not rushing to cut interest rates.

Britain’s labour market is showing further slowdown signs, according to surveys published on Wednesday which pointed to below-inflation pay growth and a fall in job vacancies, especially for graduate-level jobs.

A leading indicator of Japan’s service-sector inflation hit 3.3% in May, data showed on Wednesday, keeping alive expectations of further interest rate hikes by the central bank.

Asian stock markets extended gains on Wednesday, tracking an overnight jump on Wall Street as a U.S.-brokered ceasefire between Israel and Iran helped lift investor sentiment.

Oil prices rose in Asian trade on Wednesday, seeing some gains after falling sharply in the last two sessions with focus squarely on whether a U.S.-brokered ceasefire between Israel and Iran will hold. 

The euro zone economy flatlined for a second month in June, barely expanding as the bloc's dominant services industry showed only a small sign of improvement and manufacturing displayed none at all, a survey showed on Monday.