European stocks fell on Wednesday from their highest levels in nearly a week, which they touched in the previous session, amid investors’ anticipation of the Federal Reserve (US Central Bank) decision on interest rates.
The European index was down 0.4 percent by 0814 GMT.
The index rose more than 1 percent on Tuesday as weaker-than-expected US inflation data boosted equities worldwide, boosting hopes that the Federal Reserve will scale back interest rate hikes.
Most of the sectors recorded on the STOXX 600 index declined on Wednesday. Travel and leisure shares fell 1.1 percent to lead, followed by technology shares that fell 0.8 percent.
Energy sector shares rose 0.3 percent, and banking sector shares also rose.
Although TUI, the world’s largest holiday company, made profits in the last financial year, shares of the London Stock Exchange (LON:) listed company fell 4.8 percent to be the biggest loser on the Stoxx 600 index.
(Prepared by Mohamed Attia for the Arabic Bulletin – Edited by Hassan Ammar)
