European stocks extended losses on Wednesday as a downbeat outlooks from Credit Suisse and Wizz Air dampened sentiment.
The pan-European Stoxx 600 was down 0.68% with all major regional bourses lower. International markets have pulled back this week amid nervousness over forthcoming US data releases this week, including the latest inflation reading on Friday.
In economic news, German industrial production rose less than expected in April, according to figures released by Destatis.
Production increased by 0.7 following a 3.7% decline in March, coming in below expectations for a 1% rise. On the year, industrial production was 2.2% lower in April following a 3.1% decline a month earlier.
Shares in basic resources and banks were struggling, whilst the retail, tech, travel & leisure sectors were better performers on the Stoxx 600.
In equity news, shares in Credit Suisse fell after the embattled lender warned that it is likely to post a group-wide loss for the second quarter.
Kindred Group jumped more than 11% after securing a gambling license in the Netherlands.
Melrose Industries surged after the GKN owner announced the launch of a £500m share buyback following the agreed sale of its US division.
Low-cost airline Wizz Air fell as it expected to make a first-quarter loss despite strong summer demand as it deployed extra resources to minimise disruption due to staff shortages and supply chain issues.
Zara owner Inditex jumped after reporting an 80% rise in net profit for the February-April period.
Shares in industrial software maker Aveva were up as the firm reported a 7.1% rise in pro-forma annual revenue to £1.24bn. Adjusted operating profit rose 7.7% to £365.1m.
