European stocks weaken after U.S. downgrade; risk sentiment hit hard By Investing.com

Fitch downgraded the United States to AA+ from AAA late Tuesday, citing likely fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

This decision brought a sharp response from the U.S. government, with Treasury Secretary Janet Yellen calling it"arbitrary and based on outdated data." The economic data slate is largely empty in Europe Wednesday, but investors may also be keeping an eye on the political turmoil in the U.S., with former President Donald Trump charged late Tuesday with conspiracy to defraud the U.S. and other crimes related to his efforts to overturn his 2020 presidential election loss.

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