European Stocks Log First Loss in Four Sessions

Stocks in Europe closed lower on Wednesday, with investors reacting to the recent surges in inflation rates in both the U.S. and the U.K, with June’s readings of the consumer prices index (CPI) in both countries exceeding market expectations.

STOXX Europe 600 lost 0.40 points, or 0.09%, to close to 460.56 points.

This marked the first loss for the pan-European index in four sessions and the biggest since July 8.

Meanwhile, the French CAC40 and the German DAX closed nearly unchanged, while the British FTSE100 lost 0.47%.