European stocks opened lower on Wednesday after Federal Reserve Chair Jerome Powell in a speech last night said that equity prices are fairly highly valued by many measures.
The pan-European Stoxx 600 dipped 0.3 percent to 553.48 after rising 0.3 percent on Tuesday on Fed rate cut expectations.
The German DAX was marginally lower as a survey showed German business sentiment fell to a four-month low in September.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.