European shares were lower on Wednesday with luxury and tech stocks under pressure while investors also digested the latest UK inflation data showing a fall below 2% for the first time in three years.
The pan-European Stoxx 600 index was down 0.34% at 518.82 points. Britain’s FTSE 100 outperformed with a 0.60% gain as inflation fell more than expected in September, likely ramping up the pressure on the Bank of England to get more aggressive…