Minutes of the U.S. Fed's last meeting showed many officials "emphasized the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action". Shares of Infineon IFXGn.DE, ASML ASML.AS, ASMI ASMI.AS, BESI BESI.AS and Aixtron AIXGn.DE slid between 1.2% and 3.2% Aroundtown AT1.DE slid 6.3% after Citigroup downgraded the real estate group's stock to "neutral" from "buy". British homebuilder Taylor Wimpey TW.L lost 5.2% as it traded ex-dividend.