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Major European markets closed on a slightly weak note on Wednesday amid concerns about economic slowdown and prospects of further interest rate hikes by central banks.

European stocks are seen opening on a muted note Tuesday as weak U.S. data released overnight reinforced hopes that the Federal Reserve may skip an interest-rate hike at the end of a policy meeting next week.

European stocks were flat to slightly lower on Tuesday as concerns about inflation and slowing growth weighed on sentiment. Interest-rate concerns returned to the fore after the Reserve Bank of Australia unexpectedly raised rates again by 25 basis points and kept the door open to further hikes, saying inflation still remained too high.

European stocks are seen opening on a mixed note Monday after ending sharply higher in the previous session. Asian markets extended a global rally, as Fed pause hopes and easing U.

European stocks struggled for direction on Monday as investors digested a raft of mixed economic data. Data showed earlier in the day that German trade surplus widened to €18.