Fed39;s Powell, ECB39;s Lagarde, BoE39;s Bailey set to speak
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Nov 8 Reuters European shares edged lower on Wednesday, with utilities and financials taking the biggest hit, as investors assessed economic data and corporate earnings ahead of remarks from major central bank chiefs during the day.
The panEuropean STOXX 600 lost 0.2 by 0950 GMT, hitting a near oneweek low intraday.
Utilities stocks led sectoral declines, falling 1.2 to a oneweek low, with Europe39;s largest energy networks operator, E.ON, losing 1.8 on expecting a severe hit to fourthquarter profit at its retail division.
Insurance stocks lost 0.7, dragged by a 6.2 decline in Swiss Life Holding AG after the insurer39;s fullyear outlook on real estate worried markets.
Investors awaited comments from the U.S. Federal Reserve Chair Jerome Powell for more clarity on the outlook for rates after some central bank officials noted the resilience of the economy.
European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey are also set to take the stage later in the day.
We39;ll just get a reiteration of the message that they39;re not asleep at the wheel If inflation pressures do grow, they39;re willing to act more, said Patrick Armstrong, chief investment officer at Plurimi Wealth.
I39;m definitely not expecting another hike from the Fed, and…