european stocks declined for a second day following losses on wall street as the debtceiling talks dragged on while a hotterthanexpected uk inflation print weighed on british stocks the stoxx 600 was down nearly 1 at 0810 am in london with uk homebuilders taylor wimpey plc and persimmon plc both sliding 4 as britain’s inflation rate fueled a flurry of bets on more bank of england interest rate rises embracer group ab shares slumped 38 after the swedish videogame maker slashed its adjusted profit target for the fiscal year ending march next year citing a cancellation of a major partnership marks  spencer group plc shares meanwhile jumped after its results beat analyst estimates elsewhere speaker kevin mccarthy left the us capitol late tuesday afternoon saying the two parties had yet to reach a deal to avert a firstever us default the importance of the deal has been mounting as banks and treasury secretary janet yellen said the us will be pressured to make all necessary payments in the first two weeks of june “european equities remain under pressure mainly on the back of growing anxiety among investors around the debt ceiling while the news flow will remain noisy over the shortterm our baseline scenario is still that of a deal in the eleventh hour which could be sometime between early june and late july” mathieu racheter head of equity strategy at julius baer said over at the european central bank bundesbank president joachim nagel said more interest rate increases will be needed to bring inflation under control today the central bank will hold a nonpolicy meeting in frankfurt   uk stocks could be active wednesday after britain’s inflation rate came in at a higher level than expected for the third month in a row most concerning for the bank of england before its next rate decision in june core inflation which excludes volatile food and energy prices accelerated unexpectedly to 68 from 62 in march   european mining stocks may be in focus on wednesday with iron ore futures in singapore falling for a fifth day as investors brace for the typical demand lull during china’s summer after a disappointing peak construction season for more on equity markets   mideastasia dual listings could be new trend ecm watch you want more news on this market click here for a curated first word channel of actionable news from bloomberg and select sources it can be customized to your preferences by clicking into actions on the toolbar or hitting the help key for assistance to subscribe to a daily list of european analyst rating changes click here