Key facts
- European shares reached a near three-week low on Wednesday.
- The STOXX 600 index closed down 0.11%.
- Concerns over rising inflation and higher oil prices pressured the market.
- The aerospace and defence sector experienced the largest declines.
European shares declined to a near three-week low on Wednesday, as concerns over rising inflation and firmer oil prices overshadowed relief from easing bond yields. The pan-European STOXX 600 index finished the session 0.11% lower. The aerospace and defence sector was the primary driver of the day's losses.