AgenciesA fresh wave of selling hit European stock markets on Wednesday as little progress in the U.S. debt ceiling negotiations, a jump in the UK core inflation and more losses in market-heavy luxury names hurt risk sentiment.
The Europe-wide STOXX 600 index fell 1.1% by 0718 GMT to hit a nearly three-week low, with all regional markets trading in the red.
Wall Street stocks finished sharply lower on Tuesday and short-term Treasury yields advanced as investor jitters grew over a lack of progress in the U.S. debt-limit talks.
Real estate stocks fell the most in Europe, down 2.5%, with UK homebuilders among the top decliners after data showed a closely watched core measure of UK price growth surged to a 31-year high in April, cementing bets on more interest rate hikes from the Bank of England.
Luxury stocks fell 1.7% to an over six-week low as Tuesday's selloff showed no signs of abating.
Embracer plummeted 38.2% to an all-time low after the Swedish gaming group said a major strategic partnership will not materialise and also trimmed its full-year adjusted EBIT forecast.
The Europe-wide STOXX 600 index fell 1.1% by 0718 GMT to hit a nearly three-week low, with all regional markets trading in the red.
Wall Street stocks finished sharply lower on Tuesday and short-term Treasury yields advanced as investor jitters grew over a lack of progress in the U.S. debt-limit talks.
Real estate stocks fell the most in Europe, down 2.5%, with UK homebuilders among the top decliners after data showed a closely watched core measure of UK price growth surged to a 31-year high in April, cementing bets on more interest rate hikes from the Bank of England.
Luxury stocks fell 1.7% to an over six-week low as Tuesday's selloff showed no signs of abating.
Embracer plummeted 38.2% to an all-time low after the Swedish gaming group said a major strategic partnership will not materialise and also trimmed its full-year adjusted EBIT forecast.
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