- German consumer confidence falls
- French business confidence drops
- Energy ministers from Ukraine and Russia to meet
- Draghi was "overinterpreted", says Germany's Schaeuble
FTSE 100: 0.07%
CAC 40: -0.15%
FTSE MIB: 0.09%
IBEX 35: 0.22%
Stoxx 600: 0.10%
Stocks in the euro-area were little changed as investors weighed a report on German consumer confidence and remarks from European policymakers.
GfK's forward-looking index for German sentiment in September dropped to 8.6 from a downwardly revised 8.9 a month earlier, missing forecasts for the reading to remain unchanged.
Geopolitical tensions, particularly in Ukraine and Russia, have hurt confidence in recent months.
However, Russian President Vladimir Putin said he held positive talks on Tuesday with Ukrainian President Petro Poroshenko over the conflict between the two countries over the past five months which has left 2,000 people dead.
Poroshenko on Wednesday said energy ministers from Ukraine and Russia will meet with the European Union's energy commissioner on 6 September. Ukraine may reach a shortfall in natural gas this winter after Russia cut off supplies to the country over a price dispute during Moscow's annexation of Crimea in March.
Meanwhile, a report out of Germany showed the import price index fell 1.7% in July compared to a year earlier. Analysts had predicted a 1.4% drop. The index slipped 1.2% in June.
In France, business confidence fell slightly in August below the long-term average of 100 to 96 from 97 in July.
In other Eurozone news, Germany's finance minster Wolfgang Schaeuble told the Passauer Neue Presse that European Central Bank (ECB) President Mario Draghi had been "overinterpreted" after saying that the Governing Council will use "all the available instruments" to address price instability.
Draghi was seen to suggest the possibility of full-on quantitative easing.
"I know Mario Draghi very well, I think he is being overinterpreted," Schaeuble told the newspaper.
Separately, ECB Executive Board member Benoit Coeure has called for stronger backing of the asset-backed securities market by European governments. He said governments should support the market by issuing guarantees in order to make it successful alternative source of funding to bank loans.
Ryanair, Telecom Italia
Ryanair rallied after the budget airline said it will start a service for business travellers.
Telecom Italia SpA gained after Oi SA said it is reviewing options for buying a stake in Tim Participacoes SA.
United Utilities Group slumped after Bank of America Corp. and RBC Capital Markets LLC downgraded the shares.
The euro rose 0.11% to $1.3182.
Brent crude futures climbed 0.18% to $102.69 per barrel, according to the ICE.