European stocks were lower on Wednesday, with the STOXX 50 falling 0.2% and the STOXX 600 losing 0.3%, as investors remained cautious following remarks from Fed Chair Powell the previous day. Powell highlighted persistent risks in both the labor market and inflation, while also noting that equity prices appear relatively high.
Geopolitical tensions also stayed in focus, with US President Trump escalating his rhetoric against Russia. "I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form", Trump posted on social media.
Meanwhile on the data front, attention will turn to Germany's Ifo Business Climate index. On the corporate front, megacaps were mostly lower, including SAP (-0.6%), LVMH (-1.5%), Hermes (-2.3%), Novo Nordisk (-0.5%), L'Oréal (-0.9%), HSBC Holdings (-1.4%) and Siemens (-0.8%).
Source: Trading Economics
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