European stocks closed lower on Wednesday, as cautious global sentiment carried on from earlier this week.
The regional Stoxx 600 index provisionally ended 0.3% lower, with most sectors in negative territory. Tech stocks led the losses, down 1.4%, while autos rose almost 1%.
British insurance company DirectLine jumped around 24% higher after Belgium's Ageas confirmed it was considering an offer for the company valued at £3.095 billion ($3.91 billion). The offer represents a premium of 42.8% on the closing price of Tuesday, the company said.
Shares of Vodafone were fractionally lower after the company confirmed advanced talks with Swisscom over the sale of its Italian business for 8 billion euros ($8.7 billion) in cash, as Swisscom shares fell over 1%.
European markets
Elsewhere, U.S. stocks ticked lower as investors looked ahead to a key inflation report — the personal consumption expenditures reading for January — on Thursday. It is the Federal Reserve's preferred measure of inflation.
Asia-Pacific stock markets were mostly lower overnight as New Zealand's central bank kept its interest rate steady, while Hong Kong's property index rallied after the city's budget announcement.