European shares witnessed a slight downturn on Wednesday, largely due to a drop in basic resources shares triggered by falling metal prices.
The pan-European STOXX 600 index dipped 0.1%, with basic resources companies decreasing by 0.4%.
This decline aligns with investor caution ahead of an upcoming US inflation report.
The construction and materials index also fell by 0.5%, partly due to a significant decline in Skanska’s shares following its announcement of property value writedowns.
Additionally, investors are focusing on corporate earnings and the potential impact of high interest rates on profit margins, which is expected to guide market trends in the coming weeks.
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