European stocks end 6-day winning streak, FTSE slips below 7100

The European indices tracked losses on the Wall Street overnight and opened on a weaker footing this Wednesday, as ECB taper talks combined with hawkish Fed speaks hint towards an end of easy money policy, which weighs on the corporate world.

The London stocks deflated from multi-month tops on the back profit-taking, while the commodity-heavy index fails to benefit from broad based commodity rebound and extended sell-off in the GBP.

The European markets were dragged down by real estate, utility and financial sector stocks, which emerged the worst performers amid concerns over scale back of accommodative policy by major global central bankers.

Meanwhile, Germany's DAX 30 index drops -0.60% to 10,557, while the UK's FTSE 100 index skids -0.36% to 7,050. Among the other indices, the French CAC 40 index declines -0.62% to 4,475, while the pan-European Euro Stoxx 50 index falls -0.64% to 3,015.