German stocks turned negative on Wednesday following remarks from several Federal Reserve officials advocating for patience regarding interest-rate cuts.
The DAX index declined by 40 points, or 0.2%, to 18,092, after having risen by 0.4% the previous day.
The U.S. dollar remained stable, while the British pound saw a slight increase after data revealed that U.K. inflation reached the 2% target for the first time in three years. This development provided a boost to Prime Minister Rishi Sunak ahead of the upcoming parliamentary election.
In corporate developments, Adidas shares fell by 0.5%. The athletic apparel giant initiated an investigation into alleged compliance violations in China following an anonymous letter received earlier this month.
