European stock markets experienced a slight dip on Wednesday, and the US dollar rose slightly due to concerns over global demand following weak Chinese trade data.
Attention is now turning towards next week's Federal Reserve meeting and pivotal inflation data. Meanwhile, Turkey's lira reached a record low against the US dollar after authorities appeared to loosen stabilizing measures, following the government's pivot to more orthodox policies.
The pan-European benchmark STOXX 600 was down 0.2%, and Germany's DAX, France's CAC 40, and Britain's FTSE 100 were all lower by 0.1%-0.4%. However, Spanish stocks outperformed due to a 5.8% rise in shares of Inditex, the world's biggest fast-fashion company, following first-quarter results.
