Market Analysis

European shares remained steady on Wednesday.

The pan-European STOXX 600 index edged lower by 0.1% to 516.84 points as of 0710 GMT.

Shares of the Danish pharmaceutical company declined by nearly 2% in early trading.

Technology stocks also contributed to the market's downturn, falling by 0.5%.

Britain's FTSE 100 dropped 0.5%, following news that UK headline inflation held steady at 2.2% in August, the same as in July.

In other activity, Reckitt Benckiser's shares rose by 2.3% after reports surfaced about the company initiating early discussions with potential buyers for its homecare division, estimated to be valued at over £6 billion ($7.89 billion).

All opinions, news, research, analysis, prices, or other information is provided as general market commentary and not as investment advice, and all potential results discussed are not guaranteed to be achieved. The information may have been derived from publicly available sources, company reports, personal research, or surveys. Past performance is not indicative of future performance. All trading involves risk to capital. Service is available to professional clients only.

Paraphrasing text from "Reuters” all rights reserved by the original author.