The pan-European STOXX 600 index wended Wednesday provisionally down 0.3 percent with only three sectors in positive territory. The basic resources sector was the worst performer, down 2.7 percent.
Markets were unmoved earlier in the morning by data showing that the euro zone inflation rate remained at 0.2 percent in August, unchanged from the previous month. The region’s unemployment rate for July also remained unchanged from the previous month, at 10.1 percent.
Meanwhile later in the session, a U.S report showed job creation at the company level rose about in line with expectations in August, despite weakness in manufacturing and construction. The ADP report is seen as a warm-up for the all-important U.S. jobs data due on Friday. The non-farm payrolls report will be eagerly watched by the U.S. Federal Reserve and could determine whether the central bank increases interest rates in September.
“The U.S. jobs data is the main macro focus of the week. The markets are pursuing an approval to back up Janet Yellen’s hawkish stance on the macro front,” Ipek Ozkardeskaya, a senior market analyst at London Capital Group, said in a note.
In morning trade on Wall Street, both the Dow Jones Industrial Average and the broader S&P 500 were down around 0.3 percent.