In Frankfurt, electricity and natural gas supplier E.ON led the DAX lower, falling 2.4%, followed by pharmaceutical company Bayer, and Deutsche Bank, each of which closed 1.9% lower. The FTSE lost 0.69%, the DAX fell 0.44%, and the CAC-40 dropped 0.44%. In economic news, Euro area annual inflation is expected to be 1.2% in February, down from 1.3% in January, according to a flash estimate from Eurostat, the statistical office of the European Union.