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LONDON/FRANKFURT (Reuters) -German group Stroeer's sale of its multi-billion-euro outdoor advertising business has suffered a setback as two bidders balked at the asking price, amid worries over the country's economy, three people familiar with the talks told Reuters. Stroeer, Germany's leading outdoor advertiser, is a bellwether of Europe's biggest economy, which is deep in recession and uncertainty as it awaits the outcome of negotiations to establish a government. Stroeer said in January it had received indicative offers from private equity investors for its "out-of-home" advertising business that is responsible for thousands of posters, billboards and digital screens across the country's train stations, shopping centres and town squares.

The Bundesbank racked up its first loss since 1979, as president Joachim Nagel called on Germany's incoming government to save the economy.

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Lowe's Cos joined rival Home Depot in forecasting lackluster annual sales and profit on Wednesday, signaling that a downturn in the home improvement sector would linger amid higher interest rates. Shares of the Mooresville, North Carolina-based retailer were up 3.7% in premarket trading as it reported a surprise rise in fourth-quarter same-store sales, helped by demand for water cans, generators and cleaning supplies after Hurricanes Helene and Milton last year. The home improvement sector has witnessed a sharp slowdown over the last two years as high mortgage rates, rising home prices as well as refinancing costs stifled demand.

Sen. Elizabeth Warren is pressing one of Donald Trump's top economic advisory picks to explain his stance on Federal Reserve independence as scrutiny of the central bank intensifies in Washington, D.C.

Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower U.S. crude stockpiles provided some support. Brent crude was down 19 cents at $72.83 a barrel by 1256 GMT and U.S. West Texas Intermediate crude oil futures fell by 13 cents to $68.80. Prospects for a peace deal between Russia and Ukraine are improving, ING commodities strategists said in a note on Wednesday, adding that the market was also watching for potential implications of a minerals deal between the U.S. and Ukraine.

NEW YORK (Reuters) -The U.S. dollar rose on Wednesday to move further from recent 11-week lows, as investors assess the strength of the economy and tariffs outlook after the most recent comments from U.S. President Donald Trump. The greenback stumbled on Tuesday as economic data showed a sharp drop in consumer confidence, the latest in a string of data points that have prompted concerns about the strength of the U.S. economy and persistent inflation, and caused U.S. Treasury yields to tumble. The benchmark 10-year U.S. Treasury yield plunged nearly 10 basis points (bps) on Tuesday and was last down 4.2 basis points to 4.256% after falling to 4.249%, its lowest since December 11 as an earlier attempt to stabilize dissipated.