Major stock exchanges in Europe closed lower on Wednesday after the publication of the latest figure of the German Consumer Price Index (CPI).
During the day, Destatis announced that Germany's annual inflation rate increased from 2.2% in April to 2.4% in May, in line with analysts' expectations and the outlook from the German national bank.
At the close, the German DAX lost 1.11%, with Siemens Energy AG being the worst performer, down 4.02%. The French benchmark CAC 40 fell 1.47%, while Endenred decreased by 4.25%. The FTSE 100 declined by 0.90%, as Ocado dropped by 11.36%. Finally, the pan-European Euro Stoxx 50 decreased by 1.26%, and Infineon was leading the losses, declining by 3.20%.
At 5:28 pm CET, the euro and the British pound were down by 0.38% and 0.36% against the dollar, selling for $1.08155 and $1.27157, respectively.
