-European shares ended lower on Wednesday, pressured by losses in real estate and technology stocks, while UK stocks were buoyed by metal miners as investors digested its inflation data.100 reversed earlier losses to close up 0.2%. Data showed UK inflation returned to its 2% target in May for the first time in nearly three years, but underlying price pressures remained strong, meaning the Bank of England is likely to wait longer before cutting interest rates.
Market focus will now shift to interest rate decisions from central banks in Britain, Norway and Switzerland later this week. The European Commission said France and six other countries should be disciplined for running budget deficits in excess of European Union limits, with deadlines for reducing the gaps to be set in November.
SMA Solar Technology AG plunged 31% after the German solar power parts supplier cut its profit guidance, citing political uncertainty.Trading was light in the absence of U.S. participants as markets there were shut for a public holiday.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.