Europe's STOXX 600 falls to three-week low on inflation concerns

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.