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European stocks dropped for the fourth time in five days, with miners and banks leading a sell-off among cyclical sectors on Wednesday.
The pan-European Stoxx 600 index fell 0.4 percent while eurozone blue chips lost 0.6 percent. Britain's FTSE 100 shed 0.2 percent.
Miners declined the most in two weeks, extending losses in afternoon trading. Mining companies were the worst-performing, slipping 1.8 percent on the back of lower metals prices and weak results.
Rio Tinto Group dropped 2.8 percent after it reported that its profit fell short of analysts' estimates. The company also announced an interim dividend and an additional $1 billion share buyback.
The euro zone bank index lost 1.1 percent. Weak results were from Commerzbank and Societe Generale which weighed on eurozone banks. Lenders were among the worst performers.
Standard Chartered dropped over six percent as the bank reduced investors' hopes of a return to a dividend payout.
Tech stocks were also lower, however, Apple suppliers Dialog Semiconductor and AMS held on to gains of three and four percent respectively following optimism on future demand for the iPhone, which boosted Apple shares to a record peak overnight.
