European stock indices closed lower at the end of Wednesday’s trading, with the euro continuing to decline against the dollar.
The European Stoxx 600 index ended trading down by 0.5 percent, affected by a decline in automobile stocks by 1.23 percent and travel and entertainment stocks by 1.76 percent.
On the other hand, shares of technology companies rose by 0.36 percent, as the technology sector was the only one that remained in the green zone.
In other European markets, the French CAC index fell by 0.69 percent, the British FTSE index fell by about 0.27 percent, while the German DAX index closed stable.
This comes at a time when the single European currency index, the euro, fell by about 0.3 percent, with markets awaiting the release of data on the personal consumption expenditures index in the United States, which measures the inflation rate, next Friday.
Source: Qatar News Agency