Major stock indexes in Europe traded mostly lower at the close on Wednesday as investors scrutinized the latest economic data reports. On the agenda today were German industrial output, the United Kingdom's house prices and the Swiss unemployment rate. Meanwhile, European Central Bank officials continued to insist that more interest rate increases are necessary for high inflation to be beaten.
The DAX fell 0.20% at the closing bell, as Hannover Rueck tumbled 3.52%. At the same time, the CAC 40 declined 0.09%, as Renault lost 2.50%. The Euro Stoxx 50 finished with a 0.08% loss, with Muench Rueckvers down 1.99%. The FTSE 100 was flat at the close.
The euro traded 0.13% above the dollar at 5:32 pm CET, selling for 1.07060. The pound added 0.28% against the greenback to go for 1.24586 simultaneously.
