European stocks on Wednesday were drawn lower as oil and gas, financial and tech shares struggled. The Stoxx Europe 600 fell 0.5% to 386.90, extending losses from Tuesday’s session when oil prices sold off into bear-market territory. European oil stocks on Wednesday fell a collective 0.7% in early moves, and oil prices were slightly lower. In London, the commodities-heavy FTSE 100 was off 0.1% at 7,463.15. France’s CAC 40 was losing the most among major benchmarks, down 1% at 5,275.62 as nearly all of its components fell. Germany’s DAX 30 gave up 0.6% at 12,732.96. A closely watched weekly oil-supply update from the U.S. Energy Information Administration is due at 10:30 a.m. Eastern Time. On the Stoxx 600, Whitbread PLC climbed 5.5% after a quarterly sales update from the Costa Coffee and Premier Inn hotel chain owner. Meanwhile, Provident Financial PLC plunged 16% after a warning about adjusted profit from the credit company.
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