European shares opens lower, defence stocks rise after Poland blast

European shares opened marginally lower on Wednesday, with Mercedes Benz Group leading losses in automobiles stocks, while a blast in Poland kept sentiment subdued and pushed up defence stocks. The pan-European STOXX 600 index dipped 0.2% by 0817 GMT, with auto stocks tumbling 2.0%.

European shares opened marginally lower on Wednesday, with Mercedes Benz Group leading losses in automobiles stocks, while a blast in Poland kept sentiment subdued and pushed up defence stocks.

The pan-European STOXX 600 index dipped 0.2% by 0817 GMT, with auto stocks tumbling 2.0%. Mercedes Benz Group AG slid 3.5% after a report said that the German automaker slashed its China electric vehicle prices by up to $33,000 as sales lagged.

U.S. President Joe Biden said a missile that killed two people in Poland was probably not fired from Russia, after an emergency meeting of NATO leaders called to discuss the strike. The European aerospace and defence sector jumped 1.8%.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)