European shares lose ground on real estate, tech losses

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June 19 - European shares ended lower on Wednesday, pressured by losses in real estate and technology stocks, while UK stocks were buoyed by metal miners as investors digested its inflation data.

Britain's FTSE 100 , opens new tab reversed earlier losses to close up 0.2%. Data showed UK inflation returned to its 2% target in May for the first time in nearly three years, but underlying price pressures remained strong, meaning the Bank of England is likely to wait longer before cutting interest rates.

European shares saw sharp losses last week after France's president called a snap election, with its high debt levels a source of concern for market participants.

 

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