World shares pulled back from record highs on Wednesday, set for only their second day of losses in 2018 as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.
European bourses opened lower, mirroring moves in Asia and Wall Street overnight, as earnings updates from companies weighed.
Luxury fashion brand Burberry (BRBY.L) and educational publishing company Pearson (PSON.L) were among the top fallers after disappointing trading updates.
Their losses, along with weakness in the heavyweight financial and healthcare sectors, dragged the pan-European STOXX 600 and Britain’s FTSE down as much as 0.2 percent.
Asian equities stepped back from a record high as the region’s resource shares were knocked by falling oil and commodity prices.
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