European stocks end midweek lower

By Mucahithan Avcioglu

ISTANBUL (AA) - European stock markets closed Wednesday with losses despite easing tensions in the armed conflict between Israel and Iran.

The pan-European Stoxx Europe 600 index fell 0.74% or 4 points to close at 536.98.

Germany's DAX 40 fell 0.61% to 23,498.33 points, while the UK's FTSE 100 index lost 0.46% to 8,718.75.

France's CAC 40 index decreased 0.76% to 7,558.16 points and the FTSE MIB 30 index in Italy was down 0.39% to 39,319.14.

The European Commission has prepared a proposal for a rule change that will allow member states to offer electricity price discounts to companies operating in energy-intensive sectors.

New car sales in the EU, the UK and the European Free Trade Agreement (EFTA) area market reached 1.12 million in May, up 1.9% compared to the same month last year.

While the decline in Tesla-branded car sales in EU countries continued in May, the decline in this period reached 40.5% compared to the same period last year.

By Mucahithan Avcioglu

ISTANBUL (AA) - European stock markets closed Wednesday with losses despite easing tensions in the armed conflict between Israel and Iran.

The pan-European Stoxx Europe 600 index fell 0.74% or 4 points to close at 536.98.

Germany's DAX 40 fell 0.61% to 23,498.33 points, while the UK's FTSE 100 index lost 0.46% to 8,718.75.

France's CAC 40 index decreased 0.76% to 7,558.16 points and the FTSE MIB 30 index in Italy was down 0.39% to 39,319.14.

The European Commission has prepared a proposal for a rule change that will allow member states to offer electricity price discounts to companies operating in energy-intensive sectors.

New car sales in the EU, the UK and the European Free Trade Agreement (EFTA) area market reached 1.12 million in May, up 1.9% compared to the same month last year.

While the decline in Tesla-branded car sales in EU countries continued in May, the decline in this period reached 40.5% compared to the same period last year.