European stocks closed lower on Wednesday, as political events on both sides of the Atlantic weigh on investor sentiment.
The pan-European Stoxx 600 was 0.7% lower at the end of the session, with technology stocks leading losses on a 1.2% decline as almost every sector and all major bourses traded in the red.
Market focus was largely attuned to news of a bid from Democrats in the U.S. House of Representatives to impeach President Donald Trump.
The impeachment inquiry was announced by House Speaker Nancy Pelosi on Tuesday, and follows concerns over Trump’s efforts to push Ukraine to investigate the family of Democratic presidential hopeful Joe Biden.
The White House published a summary of a call between Trump and Ukraine’s President Volodymy Zelensky which revealed the U.S. leader asked Zelensky to “look into” former Vice President Biden’s son.