Both the STOXX 50 and STOXX 600 slipped 0.2% on Wednesday, retreating from nearly two-month highs reached the previous day, as traders awaited new catalysts amid concerns over stalled trade talks, weak economic data, and corporate earnings.
Markets are closely watching the ongoing G7 finance ministers' meeting for any signals that a weaker dollar could support progress in trade negotiations. In the UK, inflation rose to 3.5%, prompting investors to scale back expectations for Bank of England rate cuts.
On the corporate front, JD Sports shares plunged over 7% after reporting a 2% drop in underlying sales. Julius Baer fell 5.5% following news of a CHF 130 million writedown and Marks & Spencer lost more than 3% after revealing a recent cyberattack could result in a £300 million hit to operating profit.
In contrast, Infineon gained 1.6% after announcing a collaboration with Nvidia to develop new power delivery architecture for AI data centers.
Source: Trading Economics
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