European Shares Muted Amid Iran Talks and US Inflation
European shares ended flat on Wednesday as markets evaluated diplomatic talks concerning the Strait of Hormuz and persistent US inflation data. Investors also awaited upcoming corporate earnings reports while monitoring central bank policy outlooks.
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European shares closed flat on Wednesday as investors weighed diplomatic talks between Iran and Oman over the Strait of Hormuz. The pan-European STOXX 600 finished down 0.01% at 656.41 points. Sticky United States inflation data increased expectations for a Federal Reserve rate hike next month.
