European markets close lower as traders digest U.S. inflation data; Just Eat Takeaway, Siemens Energy jump
European stocks closed lower on Wednesday, with global markets assessing the latest U.S. inflation data.
The pan-European Stoxx 600 index provisionally ended the day 0.17% lower after paring back some earlier losses. Most sectors pulled back, with tech stocks falling 1.2% while oil and gas stocks added 1.3%.
U.S. inflation data released Wednesday showed consumer prices rose slightly in October, though the increase was in line with expectations. U.S. stocks were last flat.
Looking at individual stock moves in Europe today, shares of Just Eat Takeaway stock soared 20% at one point on Wednesday and closed 15.95% higher after the company said it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million.
Siemens Energy was also a top performer on the Stoxx 600 index as its shares jumped as much as 19% after the German energy company upgraded its mid-term financial targets.
Source : CNBC
