On Wednesday, European shares decreased by 0.2% as investors analysed UK inflation data and awaited euro zone March inflation data for further insight into the European Central Bank’s monetary tightening path. Real estate and technology shares decreased by 1.6% and 1.7%, respectively, on hawkish comments from ECB officials signalling more rate hikes. However, food and beverages index increased by 0.5%. The consumer price inflation rate in the UK stood at 10.1% in March, the highest among Western European countries. Euro zone inflation data is expected to be released at 0900 GMT, with a projected increase of 6.9% on a yearly basis from the same pace in February. Meanwhile, Heineken and Worldline’s shares increased following the announcement of steeper-than-expected declines in their first-quarter beer sales and exclusive talks with French bank Credit Agricole SA, respectively.
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