Major European stock markets kicked off Wednesday's session deep in negative territory as investors focused on the flash inflation figures for May coming from France, Italy, and Germany. Meanwhile in the United States, Congress leaders continued talks about scheduling a vote to raise the debt ceiling and prevent the government default.
The CAC 40 fell by 1.12% at the opening bell, while the DAX tumbled 0.99%. The FTSE 100 declined by 0.69%, and the Euro Stoxx 50 slid by 1.09%. The euro dropped 0.46% against the dollar to sell for 1.06853 at 8:59 am CET to land at its lowest level since March, while the pound slipped 0.34% to $1.23731.
