Private sector activity in the euro zone contracted for a third consecutive month in June, although the pace of decline moderated compared to previous readings.
The latest Purchasing Managers' Index (PMI) data reveals a mixed picture across the region, suggesting that while the downturn persists, the severity of the contraction is easing.
In Asia, India's private sector expansion decelerated to its weakest pace in three months during June.
The slowdown was driven by a broad-based softening in demand across both manufacturing and services industries, according to the latest PMI figures.
The diverging trends underscore the varying pressures facing major economies.
While the euro zone continues to grapple with contraction, the moderation in the decline rate offers a glimmer of stability.
Conversely, India's deceleration signals cooling momentum in one of the world's fastest-growing major economies, raising questions about the sustainability of its recent growth trajectory.
Markets will be watching for further signs of stabilization in the euro zone and whether India's demand softening is a temporary blip or the start of a more prolonged slowdown.