European stocks close lower as traders battle nerves over growth, ECB meeting
European stocks closed lower on Wednesday, reflecting cautious trade in global markets amid nervousness over economic growth and a resurgence in Covid cases.
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The pan-European Stoxx 600 provisionally ended the session down 1%, with autos dropping 2.2% to lead losses as most sectors and major bourses dipped into negative territory.
European investors are erring on the side of caution ahead of Thursday’s European Central Bank meeting. A recent spike in euro zone inflation and an uptick in economic indicators has led some market watchers to anticipate a more hawkish tone from policymakers.
Reference: CNBC
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