Major stock markets in Europe ended Wednesday's session lower following Russia's decision to lower the threshold for a nuclear strike, coupled with Ukraine's deployment of US-supplied long-range ballistic missiles on Russian territory for the first time. Further, the US, Spain, Greece, and Italy have shut down their embassies in Kyiv due to concerns over "a potential significant air attack."
Throughout the day, the UK's Office for National Statistics disclosed that consumer prices rose by 2.3% in October on a yearly basis, while producer prices saw a decrease of 0.8%. Meanwhile, Germany's statistical agency, Destatis, reported that the country's producer prices fell by 1.1% year-on-year.
The FTSE closed 0.17% lower with Vistry Group PLC plummeting 5.44%. The DAX went 0.29% down as Porsche AG fell by 4.52%. The EURO STOXX 50 lost 0.45% with Bayer AG falling 3.03% and the CAC 40 decreased 0.43% as Renault SA tumbled 2.24%.
The euro traded 0.76% lower against the dollar at 5:29 pm CET to sell for $1.05134. Simultaneously, the pound sterling dropped 0.33% against the United States currency to change hands for $1.26360.
